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You have an absolutely brilliant child who is six years old and will be attending a private college in twelve years.You know that a four year college now costs at least $30,000 per year,including tuition,books,room,and board.The cost of sending a child to college has increased by 8 percent per year,and you believe this will be true for the next twelve years.How much will the annual tuition be when your child is eighteen?
Self-Interest
Actions or decisions motivated by personal gain or benefit, often used in the context of economic behaviors and theories.
Elite Theory
A theory in political science and sociology that suggests that societies are divided into a ruling elite and the masses, with the elite exercising significant power regardless of governmental organization.
Government Decisions
Actions or determinations made by the governing authorities of a state, affecting public policy or the administration of society.
Majoritarianism
A traditional political philosophy that emphasizes the majority's right in making decisions that affect the society or group.
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