Compared to a System Based on Customer Choice and Competition

question 240

Multiple Choice

Compared to a system based on customer choice and competition, the current structure of the educational system tends to ____ education costs and ____ the quality of education.

• A) lower; lower
• B) lower; raise
• C) raise; lower
• D) raise; raise

---

Definitions:

Years of Experience

Refers to the length of time someone has spent gaining knowledge or skills in a particular job or activity.

Nominal Variable

A nominal variable is a type of categorical data that represents different categories or groups which do not have a natural order or ranking.

Indicator Variables

Indicator Variables, also known as dummy variables, are numeric variables used in statistical models to represent categorical data with two or more categories.

Regression Model

A statistical technique used to analyze and model the relationship between a dependent variable and one or more independent variables.