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

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Definitions:

Real GDP

The measure of a nation's gross domestic product adjusted for inflation, showing the value of goods and services produced in real terms.

Earthmoving Equipment

Earthmoving equipment consists of heavy-duty vehicles designed for construction tasks, especially ones involving earthwork operations.

U.S. GDP

The total monetary value of all goods and services produced within the United States' borders in a specific time period, often used as an indicator of economic health.

Investment

Investment entails the allocation of resources, such as capital or time, into a venture with the expectation of generating income or profit over time.