It Has Been Observed That University Enrollment in Canada Is

question 50

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)during periods of high unemployment, tuition fees are reduced.
• C)when prospects for getting a job are poor, the opportunity cost of going to university is lower.
• 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 doing nothing is higher.

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Definitions:

Deficiency

In legal and financial terms, deficiency refers to the shortfall between the owed debt and the proceeds from a sale of collateral or asset used to repay it.

Cure

The process of resolving a breach of contract in a manner that satisfies the aggrieved party or terms of agreement.

Good-faith Purchaser

An individual who buys property without knowing of any claims, liens, or encumbrances against it, thereby acquiring clean title.

Voidable

A term applied to a contract that one or both parties have the ability to either withdraw from or enforce.