Statement I: to Move from the Secondary to the Primary

question 8

Multiple Choice

Statement I: To move from the secondary to the primary labor market,a college degree is a necessary condition,but not a sufficient condition.
Statement II: There were huge expansions of the college population during the late 1940s and from the late 1960s to the early 1970s.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Tax Credit

A direct reduction of the tax liability, not merely a reduction of taxable income.

Variable Cost

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production inputs, which vary with the level of output.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the amount of goods or services produced, such as rent or salaries.

Selling Price

The amount of money for which something is sold to a customer.