Typically,as the level of education increases:

Question

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Typically, as the level of education increases, the costs associated with obtaining that education (such as tuition, books, and opportunity costs) also increase. However, the benefits, in terms of higher potential earnings and better employment opportunities, generally increase as well. This dynamic tends to reduce the internal rate of return to education because the incremental costs grow faster than the incremental benefits as one pursues higher levels of education.

Typically,as the Level of Education Increases