Suppose That a Policymaker Is Considering Offering Free College Tuition

question 85

Multiple Choice

Suppose that a policymaker is considering offering free college tuition to all low-to-moderate income families in your state. There are currently 1,000 students attending college who would meet the income qualifications to receive free tuition, and tuition is $10,000 per year. Which of the following statements is most likely to be true?

• A) This program will cost the state approximately $10 million per year.
• B) Some of the students will be disincentivized from attending college because they will have to apply for the program.
• C) The $10,000 is a sunk cost that policymakers shouldn't consider when estimating the funds needed to administer this program.
• D) Free tuition will incentivize more students to attend college, and this program will cost more than $10 million per year.

Grasp the importance of postpurchase evaluation in organizational buying.

Understand the basic concepts of bond duration and its role in measuring interest-rate risk.

Determine the factors affecting bond duration and price volatility.

Calculate and interpret Macaulay and modified durations for various bonds.

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Definitions:

Diagnostic Labels

Terms or classifications used in healthcare to identify and categorize conditions or disorders based on standardized criteria.

Assessment Tool

Instruments or procedures used to evaluate or measure specific characteristics, abilities, or conditions.

Categorical

Relating to, or based on the classification of people or things into specifically defined groups.

Dimensional

Pertains to an approach in psychology and psychiatry that quantifies symptoms or characteristics on a continuum, rather than categorizing them as present or absent.