If the Marginal Benefit of Getting a College Degree Rises,rational

question 29

Multiple Choice

If the marginal benefit of getting a college degree rises,rational people will

• A) attend college in greater numbers.
• B) drop out of college.
• C) not change their behavior.
• D) require that college get easier.
• E) raise the marginal cost of attending college.

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Definitions:

Economy

The large set of interrelated production, consumption, and exchange activities that aid in determining how scarce resources are allocated.

Salmon Processing

The industrial activity of preparing salmon for market, involving cleaning, canning, freezing, or smoking the fish.

North Coast

A generic term that refers to the northern coast of a country or region, often characterized by its geographical features or cultural attributes.

Tertiary Sector

The segment of the economy that provides services rather than producing goods, including healthcare, education, financial services, and retail.