Explain the dramatic rise in the price of college education

Assignment Help International Economics
Reference no: EM13221859

Over the last 30 year in the US, the real price of a college education (i.e. after adjusting for inflation) has increased by almost 70 percent. Over the same period, an increasing number of high school graduates have sought a college education. (Nationwide college enrollments almost doubled over this period.) While faculty salaries have barely kept pace with inflation, administrative staffing (and expenditures) and capital costs have increased significantly. In addition, government support to universities (particularly research funding) has been cut.

a. College enrollments increased at the same time that average tuition rose dramatically. Does this contradict the law of downward-sloping demand? Explain briefly.

b. Use supply and demand curves (or shifts therein) to explain the dramatic rise in the price of a college education.

Reference no: EM13221859

Questions Cloud

Explain what field would resonance be observed : The 11B nucleus has a spin I of 3/2 and a nuclear g factor of 1.7920. At what field would resonance be observed at 60 MHz?
What forecast would you make for the merged firms profits : In 1989, the Detroit Free Press and Detroit Daily News (the only daily newspapers in the city) obtained permission to merge under a special exemption from the antitrust laws. The merged firm continued to publish the two newspapers but was operated..
Explain the equilibrium constant for the binding reaction : Ribonuclease P proteins RPP21 and RPP29 bind one another during complex assembly. Thermodynamic measurements reveal that ΔH° = -66.3 kJ/mol and ΔS° = -73.2 J/mole*K at 40°C. What is the equilibrium constant for the binding reaction at 40°C?
The production manager for beer : The production manager for Beer etc. produces 2 kinds of beer: light and dark.
Explain the dramatic rise in the price of college education : Over the last 30 year in the US, the real price of a college education (i.e. after adjusting for inflation) has increased by almost 70 percent. Over the same period, an increasing number of high school graduates have sought a college education.
Explain london dispersion forces : If a molecule is more affected by London Dispersion forces that means it will have a higher melting point. if big molecules are less affected by dipole-dipole attractions, they will have a higher melting point. are these statements true?
Compare and contrast large-scale change techniques : Compare and contrast large-scale change techniques with the traditional guiding coalition approach. What are the strengths and weaknesses of each?
How much is the company is worth : How much is the company is worth? How much you would pay for it if you were Scott and Peterson?
A distribution center receives shipments of a product : A distribution center receives shipments of a product from three different factories in the quantity of 50, 35 and 20.

Reviews

Write a Review

International Economics Questions & Answers

  Interests of the various stakeholders

For multinational corporations, friction expenses occur where practices of the company are seen through the public as exploitative or unethical.

  Predict the change of the exchange rate

The Economist reports that the interest rate per year is 5.93 percent in the United States and 70.00 percent in the Turkey,in the October 23, 1999 issue.

  Calculates payoffs from buying call

Ms. Smith longs 1 XYZ Feb. 40 Call @ 3 and hold it it to expiration. Suppose no transaction costs, Examine this investment in terms of possible profit or loss. Make a payoff diagram.

  Introduction to the global economy and theories of trade

Identify and discuss any two modern day events that illustrate interconnections between countries. Be sure to be specific about the events, and clearly explain ways in which such events evidenced the interconnections between countries.

  Define supply-demand of the market for loanable funds in us

Draw a supply/demand diagram of the market for "loanable funds" in the U.S. Use the "interest rate" as the "price" of loanable funds on your diagram. Show the effects of a rise in the expected inflation rate on your diagram.

  What industries in the u.s. now have trade barriers

What industries in the U.S. now have trade barriers and what is Foreign Direct Investment (FDI)? Provide an example of how the U.S. is involved in FDI.

  Describe oligopoly pricing models

Other than economies of scale, what would you think to be fence to entry into a market? Are these fence the similar for all market structures and Describe three oligopoly pricing models

  How opportunity costs relate to japans cleanup efforts

Discuss how opportunity costs relate to Japan's cleanup efforts after the devastating earthquake/tsunami of March 2011. Begin the discussion by defining "opportunity costs." Then make a list of actions the Japanese government must accomplish to re..

  Significant antitrust cases in the us

There are many significant antitrust cases in US. The most significant cases involve Company's such as Microsoft, AT&T, Standard Oil, and Major League Baseball.

  Find best the governance system of the eu

Which political system describes best the governance system of the EU? Is the governance system of the EU democratic? Why ‘yes', or why ‘not'?

  Who should be eligible for incentive awards

The Sarbanes-Oxley Act (Financial Reporting Act) of 2002 was passed in response the problems which surfaced with the market failures of 2000-2001, which was partially caused by senior executives in publicly-held firms routinely changing their quar..

  Effect of free trade on environment

Environmentalists discuss that the trade liberalization harms the environment. The decisions of World Trade Organization in particular have been the subject of much criticism.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd