The Correspondence Principle Is the Idea That Distance Education Provides

question 106

True/False

The correspondence principle is the idea that distance education provides a better quality education that eliminates the prejudice of teachers, tracking, and other dysfunctions that are a part of a public school education.

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Definitions:

Factor Market

The factor market is the marketplace for the services of factors of production (labor, capital, land, and entrepreneurship) where these services are bought and sold.

Marginal Product

The increase in output that results from employing one more unit of a production factor, holding all other factors constant.

Income Distribution

How a nation’s total GDP is distributed amongst its population.

Income Effect

Refers to the change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.