Respuesta :
This statement is true.
Reason:
Higher opportunity cost suggests that many people have to let it go to choose something else. People will tend to avoid the foregone occupation because of the doubts and fear of choosing something. The level of the opportunity cost of any career affects the decision making of new members selecting a job. Consider two occupations, that is, lawyer and law enforcement officer. Typically, it takes more endeavor, time, and money to become a lawyer compared to a law enforcement officer. Because of this, many individuals will select to become law enforcement officers as opposed to becoming lawyers. Hence, there is a wage variation between these two occupations that is adequate enough to remunerate those who select to become lawyers.
Opportunity Cost:
Opportunity cost is the value of the next foregone item when a choice is made. There are two types of opportunity costs; explicit opportunity cost, which involves money transactions, and implicit opportunity cost, which does not include money or business transactions.
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