Which of the Following Is NOT a Possible Cause of the Increasing

question 120

Multiple Choice

Which of the following is NOT a possible cause of the increasing return to college education since the 1980s?

• A) The ability to work with computers has made an education more valuable than in times past.
• B) The flow of new people into the ranks of the college- educated has been limited.
• C) The cost of college education has been skyrocketing.
• D) None of the answers is correct.

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Definitions:

Willingness To Pay

The maximum amount a consumer is ready to pay for a good or service, indicating the value they place on it.

English Auction

An auction format where the price increases incrementally with each new bid, and the item is sold to the highest bidder at the close of bidding.

Expected Revenue

Expected revenue is the amount of money a business anticipates earning over a specific period, based on forecasted sales volumes and prices.

Rationally

Making choices that are consistent and in line with one's self-interest, guided by the use of reason and available information.