Consider the following statements when answering this question. I. Increases in the rate of income tax decrease the opportunity cost of attending college.
II) The introduction of distance learning, which enables students to watch lectures at home, decreases the opportunity cost of attending college.
A) I is true, and II is false.
B) I is false, and II is true.
C) I and II are both true.
D) I and II are both false.

Question

Quizplus · Accepted Answer

Both statements are true because an increase in income tax rates increases the after-tax return to college, and distance learning reduces the non-pecuniary costs of attending college.

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