Assume that the average mid-career salary of those with bachelor's degrees in the humanities is $55,000, while the mid-career salary of those with bachelor's degrees in engineering is $85,000. Ceteris paribus, which statement would be TRUE?
A) The return on investment in a bachelor's degree is equal across fields of study because the costs also differ.
B) There is a higher return on investment for a bachelor's degree in engineering than in humanities.
C) There is a lower return on investment for a bachelor's degree in engineering than in humanities.
D) Bachelor's degrees provide a negative rate of return.
Correct Answer:
Verified
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