Which of the following statements is correct?
A) The market for student loans would not function as well if the government did not provide below-market interest rates.
B) Pell grants are rarely given to any individual that is not from a low-income family.
C) In the absence of government guarantees, the capital market would probably fail to provide students loans for educational purposes.
D) The money appropriated by state legislatures for instructional purposes provides only a relatively small subsidy to students.
Correct Answer:
Verified
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A) Higher education is
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