Which Statement Is TRUE

question 22

Multiple Choice

Which statement is TRUE?

• A) The increased diversity of the college atmosphere encourages cognitive development.
• B) A college education had more positive effects on cognitive development in the past than today.
• C) Because many students drop out of college, estimating the effect of college education on cognitive development is complicated.
• D) Diversity has decreased the long-term effects of a college education.

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Definitions:

Real Price

Price of a good relative to an aggregate measure of prices; price adjusted for inflation.

Supply Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that a seller is willing and able to supply, usually depicted as upward sloping.

Real Price

The price of a good or service after adjusting for inflation, reflecting its true purchasing power over time.

Annual Consumption

The total amount of goods and services consumed by an individual, household, or economy in a one-year period.