Increasing Competition Between Schools Will Tend to

question 146

Multiple Choice

Increasing competition between schools will tend to

• A) increase their cost.
• B) decrease their cost.
• C) decrease their quality.
• D) do both b and c.

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Definitions:

U-5 Measure

An alternative unemployment rate that counts not only unemployed individuals actively seeking work but also those who are marginally attached to the labor force plus those working part-time for economic reasons.

Official Unemployment Rate

A measure expressed as a percentage, indicating the number of unemployed individuals actively seeking employment relative to the total labor force.

Unemployment Spells

Periods during which an individual is without work but available for and seeking employment.

Unemployment Spells

Periods during which an individual is out of work and actively seeking employment but unable to find a job.