The Completion of a Degree or Course of Study Is

question 13

Multiple Choice

The completion of a degree or course of study is a good labor market signal:

• A) only if what is learned in that educational process relates directly to the job the individual is being considered for.
• B) only if there is a positive correlation between academic success and wage income.
• C) primarily because individuals develop good habits in college that serve them well in other areas later on.
• D) because all individuals have the opportunity (in the United States) to pursue higher education.
• E) because people who possess the traits that make them more productive in the workplace have an easier time completing an education than those who don't.

---

Definitions:

Deadweight Loss

The reduction in economic productivity that happens when a good or service does not reach or cannot reach its market equilibrium.

Marginal Cost

The cost of producing one more unit of a good or service.

Government

Government refers to the group or system of individuals governing an organized community, often a state, and it is responsible for creating and enforcing laws, policies, and regulations.

Total Surplus

The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of goods or services.