As Fees for Higher Education in Australia Continue to Rise

question 75

Multiple Choice

As fees for higher education in Australia continue to rise, and the sector is increasingly privatised, it is likely that the quantity of education produced and consumed will:

• A) be equal to the socially optimal level
• B) more closely reflect the socially optimal level
• C) exceed the socially optimal level
• D) be less than the socially optimal level

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Definitions:

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Consumer Advocacy

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Mean Amount

The average value calculated by summing all amounts in a dataset and dividing by the number of observations.

Mean Amount

The arithmetic average of a set of numbers, calculated by adding all the numbers and dividing by the total number of values.