Question

College students sometimes work as summer interns for private firms or the government. Many of these positions pay little or nothing.a. What Is the opportunity cost of taking such a job?b. Explain why students are willing to take these jobs.c. If you were to compare the earnings later in life of workers who had worked as interns and those who had taken summer jobs that paid more, what would you expect to find?

Answer 1

Solution -

A.

Oppurtunity Cost -

Opportunity to get a summer internship, spend time studying students spend time, spend time with friends, and attend college

B.

Students are ready to take this job because they improve the value of skills and experience swelling in the job

C.

Compared to the ears of the students present in the intermorsions, you will get more money in later life because the heart will increase the value of the skills needed in the later stages of life, the excessive money is more about the increase in current earnings than the summer's work and the value of skills.