In higher education, the last 20 years have seen
A. a higher level of aid focused on a smaller number of students.
B. a dramatic reduction in federal spending on all forms of aid.
C. fewer students become eligible for some form of aid.
D. more students become eligible for some form of aid.
Answer: D
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Price elasticity of demand is defined as
A) the percentage change in the quantity demanded of some product resulting from a one percent change in price. B) the percentage change in the quantity demanded of some product resulting from a change in price. C) the change in quantity demanded resulting from a one percent change in price. D) the change in quantity demanded resulting from a change in price.
Which of the following is an example of outsourcing?
A) A U.S. firm moves a manufacturing plant from the U.S. to Thailand where the firm can hire cheaper labor. B) A German firm hires an accountant in the U.S. to manage its payrolls. C) All the above are examples of outsourcing. D) None of the above is an example of outsourcing.
Which of the following types of investments is the least volatile?
A. housing investment B. inventory investment C. plant and equipment investment D. all of the above are equally volatile
Briefly and concisely define the following terms: a. Price discrimination b. Tying contracts c. Concentration ratio d. Market power
What will be an ideal response?