Examlex

Solved

From the 1970s Through the 1990s,the Relative Price of a College

question 134

Multiple Choice

From the 1970s through the 1990s,the relative price of a college education has increased greatly.During the same time period,college enrollment has also increased.This evidence suggests that during this time period


Definitions:

Economists

Specialists in understanding how products and services are made, allocated, and consumed, while investigating economic trends and challenges.

Overall Level

A general term that might refer to the aggregate or total measure of a specified attribute or metric within a given context.

Prices

The monetary estimate expected, deemed necessary, or paid out for something.

Invisible Hand

A metaphor used by Adam Smith to describe unintended social benefits resulting from individual actions.

Related Questions