Which is the most likely reason why more students continue on to graduate school when the economy is in bad shape and job prospects are poor?
A) They finally see the value of continuing their education.
B) They are pressured by parents to stay in school a few more years.
C) Their opportunity cost of attending college has fallen.
D) They are irrational in this case, as they will have to take on more debt to finance the graduate degree.
C
Economics
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(A) Physical characteristics (B) Location (C) Image (D) Service level
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The impact of financial markets on the economy comes partly through
A) the substitution effect. B) the wealth effect. C) the international trade effect. D) the travel effect.
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