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The opportunity cost of going to school rather than working is the cost of Group of...

The opportunity cost of going to school rather than working is the cost of Group of answer choices food. housing. clothing. health care. potential wages.

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Answer #1

Whether a person goes to school or not, he or she will need food, housing, clothing, and healthcare.

So, these costs will remain for a person whether that person goes to school or not.

However, if a person goes to school then he or she would not be able to work.

In such scenario, he or she would be losing out on potential wages.

So,

It can be stated that potential wages is the opportunity cost of going to school rather than working.

Hence, the correct answer is the option (5) [Potential Wages].

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