It Has Been Observed That University Enrollment in Canada Is

question 26

Multiple Choice

It has been observed that university enrollment in Canada is higher during periods of high unemployment.A possible explanation for this is that

• A)when prospects for getting a job are poor,the opportunity cost of getting a job is lower.
• B)when prospects for getting a job are poor,the opportunity cost of doing nothing is higher.
• C)during periods of high unemployment,tuition fees are reduced.
• D)during periods of high unemployment,the opportunity cost is no longer relevant.
• E)when prospects for getting a job are poor,the opportunity cost of going to university is lower.

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Definitions:

Level Strategy

A business approach that maintains a steady production rate or workforce level, even in the face of fluctuating demand.

Machine Capacity

The maximum amount of work that a machine or system can complete in a given period.

Inventory Levels

The quantity of goods or materials on hand at any given time, a crucial component in supply chain and inventory management.

Aggregate Planning

A marketing activity that attempts to balance supply and demand by determining the best level of production for a given time period.