Tuition and Fees for Four Year Colleges in the United

question 113

Multiple Choice

Tuition and fees for four year colleges in the United States have risen over five percent per year recently. One cause for the increase in price has been an increase in demand for college education. In the standard model, what could be a possible explanation for the increase in the demand for college education?

• A) More colleges have been established
• B) The cost of two-year colleges has declined over the same period
• C) Income in the United States has risen
• D) The price of all other goods in the economy has risen 3 percent over the same period

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Definitions:

Compensation Strategy

A plan outlining how an organization aims to provide wages, salaries, benefits, and incentives to its employees in alignment with its goals and financial capabilities.

Corporate Strategy

The overall scope and direction of a corporation and the way in which its various business operations work together to achieve particular goals.

Organizational Variables

Factors within a company that influence its operations, culture, and performance, including leadership, management practices, and organizational structure.

Contextual

Pertaining to the circumstances or environment in which something exists or occurs.