During the economic downturn of 20082009, the unemployment rate increased to nearly 10%. At the same time,
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During the economic downturn of 2008–2009, the unemployment rate increased to nearly 10%. At the same time, the price of college tuition and the number of college enrollees increased. Using the opportunity cost principle, explain why more people would enroll in college during this time period even as the price of college increased.
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During an economic downturn like the one in 20082009 the opportunity cost principle helps explain why more people would enroll in college even as the ...View the full answer
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