-The Above Figure Shows the Marginal Private Benefit and Marginal

question 153

Multiple Choice

-The above figure shows the marginal private benefit and marginal social cost of a college education. If students receive a $10,000 voucher

• A) no students will go to college.
• B) less than 10 million students will go to college.
• C) 10 million students will go to college.
• D) more than 10 million students will go to college.

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Definitions:

Similarity Error

A bias in decision making where individuals favor others who are similar to themselves in some way, possibly overlooking merit.

Interviewer

A person who asks questions in a conversation, research study, or selection process typically for the purposes of gathering information, assessing qualifications, or both.

Job Candidate

An individual who applies for or is being considered for an employment position within a company or organization.

Perceptual Defense

The psychological mechanism that protects an individual from accepting information that is uncomfortable or threatens self-concept.