As the Number of Years of Schooling Completed Increases, the Expected

question 16

Multiple Choice

As the number of years of schooling completed increases, the expected private return and private cost of education

• A)increase at roughly the same rate.
• B)increase at different rates, with expected private return increasing at a slower rate than private cost.
• C)increase at different rates, with expected private return increasing at a faster rate than private cost.
• D) do not increase.

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Definitions:

Credit Availability

Credit availability refers to the ease with which individuals and businesses can obtain loans or credit from financial institutions, which can significantly affect economic activity by influencing spending and investment.

Funds Lendability

The suitability and capability of funds or capital to be lent to borrowers, often considered by financial institutions.

Depression

A severe, sustained period of economic contraction in one or more economies.

Deregulation

The reduction or elimination of government power in a particular industry, usually with the goal of increasing competition and efficiency.