The Question "What Are You Going to Do with That

question 94

Multiple Choice

The question "What are you going to do with that major?" implicitly questions

• A) how much you learn in that major.
• B) whether the major should be offered on campus.
• C) how much the market values the human capital developed in the major.
• D) western bias.

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Definitions:

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and monetary policies.

Expected Rate Of Profit

The anticipated return on an investment, taking into account the risk and time value of money.

Classical Theory

Refers to an economic theory that asserts that the economy is self-regulating, markets are best left alone without government intervention, and supply creates its own demand.

Interest Rate

The fee that a lender imposes on a borrower for the usage of assets, represented as a proportion of the principal amount.