The Rates of Return on High School and University Educations

question 8

Multiple Choice

The rates of return on high school and university educations have

• A) been estimated at 50 per cent per year.
• B) been estimated at between 5 to 10 per cent per year.
• C) not been estimated, but are assumed to be high.
• D) been estimated as negative, but these are still good options for most.
• E) been estimated to be essentially zero.

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Definitions:

Short-rate Refund

A refund of a portion of a premium on an insurance policy, calculated using a method that is less than pro-rata, often involving a penalty for early cancellation.

Annual Premium

The amount paid annually for an insurance policy, providing coverage over a specified period of time.

Short-rate Refunds

A partial refund of premium on an insurance policy that has been canceled by the policyholder before its expiration, calculated using a method that is less than prorated.

Premium Rate

a higher price or cost than the standard, often for services that are considered to be of better quality or with added features.