Everything Else Held Constant,an Increase in Interest Rates on Student

question 53

Multiple Choice

Everything else held constant,an increase in interest rates on student loans

• A)increases the cost of a college education.
• B)reduces the cost of a college education.
• C)has no effect on educational costs.
• D)increases costs for students with no loans.

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Definitions:

Centralization

The concentration of decision-making and administrative power within a central group or location within an organization.

Divestiture

Selling off parts of the organization to refocus attention on core business areas.

Decentralized

Decentralized refers to the distribution of power, tasks, and decision-making away from a central authority, often to increase efficiency and responsiveness.

Bureaucratic

Describes an organizational structure that is characterized by strict procedures, formalities, and a clear hierarchy of authority.