If Tuition at a College Is $30,000 and the External

question 127

Multiple Choice

If tuition at a college is $30,000 and the external benefit of graduating from this college is $10,000,then
i.in the absence of any government intervention,the number of students graduating is less than the efficient number.
ii.the government could increase the number of graduates by giving the college a $10,000 subsidy per student.
iii.the government could increase the number of graduates by giving the students $10,000 vouchers.

• A) i only
• B) i and ii
• C) i and iii
• D) ii and iii
• E) i, ii, and iii

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Definitions:

Survival Rate

The percentage of individuals or entities that continue to exist or function over a specified period of time.

Microevolution

The change in the genetic makeup of a population over time, leading to the development of new species.

Biological Evolution

The process through which the characteristics of organisms change over successive generations, by means of genetic variation and natural selection.

Genetic Engineering

The direct manipulation of an organism's genes using biotechnology to modify its characteristics, often to enhance its performance or suitability for a particular purpose.