Question

You would expect that the​ labor-force participation rate among highly educated women would be higher than average ​, since the opportunity cost of not working for highly educated women is higher than that of all women.

a) true
b) false

Answer 1

Answer: True

Explanation: Opportunity cost of not working for highly educated women is higher because the needs/wants of an educated women is usually higher than other women due to their taste of civilized world, exposure and their high will to stand fit in the midst of other educated fellows.

Hence, their opportunity cost will be higher because they have numerous wants and only little will be satisfied due to lack of funds.