Suppose that college tuition is eliminated for every admitted student to a public community college or a public 4‑year college or university. a. Such a policy would likely lead to a.a decrease in human capital, conferring a cost b.an increase in human capital, conferring a benefit . b. Such a policy would also lead to a.lower taxes, conferring a benefit b.higher taxes, conferring a cost . c. Such a policy would also lead to a a.rise b.fall in enrollment at private colleges and universities
Suppose that college tuition is eliminated for every admitted student to a public community college or a public 4‑year college or university. a. Such a policy would likely lead to a.a decrease in human capital, conferring a cost b.an increase in human capital, conferring a benefit . b. Such a policy would also lead to a.lower taxes, conferring a benefit b.higher taxes, conferring a cost . c. Such a policy would also lead to a a.rise b.fall in enrollment at private colleges and universities
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section: Chapter Questions
Problem 20AA
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Suppose that college tuition is eliminated for every admitted student to a public community college or a public 4‑year college or university.
a. Such a policy would likely lead to
a.a decrease in human capital, conferring a cost
b.an increase in human capital, conferring a benefit
b. Such a policy would also lead to
a.lower taxes, conferring a benefit
b.higher taxes, conferring a cost
c. Such a policy would also lead to a
a.rise
b.fall
in enrollment at private colleges and universities.
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Learning, knowledge and education are what makes the labor, convert into human capital. And it is human capital, that enables long run growth in the economy.
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