Title: QUIZ: Is College Still Worth the High Price? -- Page One Economics®
Course: FRE Resources > Section: Is College Still Worth the High Price? -- Page One Economics®

Q: Which term describes the efforts people put forth to acquire new skills through education, experience, and training?
- Investment in human assets
- Investment in physical capital
- Investment in human capital
- Purchasing real assets
A: Investment in human capital

Q: What has happened to the college wage premium over time?
- The college wage premium has become smaller over time.
- The college wage premium has stayed the same over time.
- The college wage premium has grown larger over time.
- The college wage premium is not an important factor in deciding whether people should go to college.
A: The college wage premium has grown larger over time.

Q: Kevin graduated college. What can Kevin expect to earn over the course of his career?
- Kevin will earn back his tuition payments, plus a percentage of his original cost, all in addition to the earnings he would have made had he not gone to college.
- Kevin will only earn back his tuition payments over the course of his career.
- Kevin will earn what he would have made had he not gone to college, plus a small percentage of his tuition payments.
- Kevin will earn back his tuition money and the amount of money he would have earned without a college education.
A: Kevin will earn back his tuition payments, plus a percentage of his original cost, all in addition to the earnings he would have made had he not gone to college.

Q: Which group of workers has the highest median weekly earnings?
- Workers with less than a high school diploma
- Workers with a bachelor’s degree
- Workers with some college, but no degree
- Workers with a doctoral degree
A: Workers with a doctoral degree

Q: Which group of workers has the highest unemployment rate?
- Workers with less than a high school diploma
- Workers with a bachelor’s degree
- Workers with some college, but no degree
- Workers with a doctoral degree
A: Workers with less than a high school diploma

Q: In which year did families have to spend the most money to send their children to college?
- 1980
- 2000
- 2020
- They were all the same.
A: 2020

Q: Higher education is comparable to a financial asset in that they both
- cost the initial investor something up front but pay them back over a given period.
- offer the investor a larger variety of career choices.
- allow for the investor to forego daily work and live off of passive income for the majority of their career.
- have no initial cost and pay the investor back over the course of their lifetime.
A: cost the initial investor something up front but pay them back over a given period.

Q: An investment in which of the following has historically proved to have the highest return?
- Stocks
- Treasury bonds
- Higher education
- Certificates of deposit
A: Higher education

Q: The tuition one pays to attend college is the ________, and the additional income made over their lifetime is the __________.
- benefit; cost
- cost; benefit
- rate of return; initial investment
- down payment; interest
A: cost; benefit

Q: The article concludes that
- college has become too expensive to be worth investing in.
- students would make just as much money with a high school degree and investments in financial assets as they would with a college degree.
- the only way to increase your income is to invest in financial assets.
- the return on a college education remains high enough to justify the high initial costs.
A: the return on a college education remains high enough to justify the high initial costs.