Answer to Question #292499 in Microeconomics for Fred

Question

Describe some of the trade-offs faced by A recent college undergraduate deciding whether to go to graduate school

Answer 1

Taking out more student loans means he/ she may not be able to purchase the car she needs

-if he/she goes to graduate school, she won't be able to spend as much time with her family

-graduate school means fewer years of on-the-job experience