​Which Statement About State University Tuition in Texas Is Not

question 51

Multiple Choice

​Which statement about state university tuition in Texas is not true?

• A)​State policymakers wanted college students to pay a higher proportion of the costs of their education.
• B)​Tuition and fees at state universities in Texas is 100 times the rate they were thirty years ago.
• C)​The lottery in Texas keeps college tuition affordable.
• D)​Tuition increases are part of a state pattern of increasing user fees.
• E)​Tuition for graduate school and for out-of-state students is now much higher.

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Definitions:

Economic Profits

The margin by which a firm's total sales exceed its complete set of expenses, both overt and covert.

Labor

Human effort, either physical or mental, used in the production of goods and services.

Capital

Financial assets or the financial value of assets, such as cash and buildings, used by a business to produce goods or services.

Least-Cost Combination

An economic principle where firms aim to achieve the lowest possible cost of production by efficiently combining resources.