A New Government Program Reduces the Cost of a College

question 74

Multiple Choice

A new government program reduces the cost of a college education at public universities by 50 percent.In the long run,this can be expected to ________ long-run aggregate supply and ________ aggregate demand.

• A) increase; have no effect on
• B) decrease; increase
• C) decrease; decrease
• D) increase; increase
• E) have no effect on; have no effect on

Understand the concept and purpose of prototypes in product development.

Identify and explain different prototyping techniques and testing methods.

Comprehend the role of customer-centric approaches (such as storyboarding) in product design.

Recognize the impact of fear of failure on entrepreneurial experimentation.

---

Definitions:

Cultural Inferiority Theory

A theory suggesting that some cultures are inferior to others, often used historically to justify colonization and oppression.

Ethnically Diverse Groups

Collections of individuals from various ethnic backgrounds, emphasizing a mix of cultural identities, languages, and traditions within a group.

Microaggression

Subtle, often unintentional, actions or comments that indirectly, and sometimes unconsciously, express prejudice against marginalized groups.

Insidious

Proceeding in a gradual, subtle way, but with harmful effects.