The Time Spent by Students in College

question 397

Multiple Choice

The time spent by students in college

• A)leads to lower lifetime earnings because opportunity costs are high.
• B)is an investment in human capital.
• C)decreases human capital by lowering work experience.
• D)increases as the wages paid to low-skilled workers rise.

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Definitions:

CCA Class

A categorization in the Canadian tax system that groups assets with similar properties for depreciation purposes.

Operating Income

This is the profit realized from a business's core operations, indicating the financial health of the business by excluding the effects of financing and investments.

Fixed Assets

Long-term tangible pieces of property or equipment a company owns and uses in its operations for generating income.

NPV

Net Present Value; a calculation used to determine the value of an investment by discounting future cash flows to present terms.