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March 30, 2017

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College students sometimes work as summer interns for private firms or for the government. Many of these positions pay very little or nothing.

What is the opportunity cost of taking such a job?
Explain why students might be willing to take such jobs.
If you were to compare the earnings later in life of workers who had worked as interns with those who had taken summer jobs that paid more, what would you expect to find? Why?

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