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Opportunity cost and unemployment

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Opportunity Cost and Unemployment:

During the economic downturn of 2008-2009 in the country of Genovia, 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 enrolling college during this time period even as the price of college increased. You should use diagrams if need.

Reference no: EM133063036

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