Return to the Case of Education and the Job Market

question 26

Multiple Choice

Return to the case of education and the job market from the previous question. Which condition would be consistent with both types' obtaining an education in equilibrium?

• A)cH < w < cL.
• B)cL < w < cH.
• C)cH < cL < w.
• D)w < cL < cH.

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Definitions:

First Amendment

An amendment to the U.S. Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Fourteenth Amendment

The Fourteenth Amendment to the United States Constitution, ratified in 1868, grants citizenship to all persons born or naturalized in the U.S., including formerly enslaved people, and provides all citizens with “equal protection under the laws.”

Freedom of the Press

The right to circulate opinions in print without censorship by the government.

Private Property

Land or belongings owned by an individual or a legal entity, protected by law from unauthorized use or entry by others.