"If the cost of college tuition goes up,then fewer people should go to college." This statement
A) Is always true
B) Is true only for students for whom the cost of college would exceed the benefits of attending college
C) Would never be true
D) Ignores the opportunity costs of attending college

Question

Quizplus · Accepted Answer

This statement is true only for students who cannot justify the increased cost of college tuition with the benefits of attending college. For some, the benefits of attending college may justify the increased cost, while for others it may not. Additionally, there are other factors to consider, such as the opportunity cost of attending college (e.g., lost income from not working during college). Therefore, the statement is not always true (A), would never be true (C), and ignores the opportunity costs of attending college (D).

"If the Cost of College Tuition Goes Up,then Fewer People