As with automobiles, consumers in todays college marketplace have vast choices, and people search for the one that gives them the most comfort and satisfaction in line with their budgets. This accounts for the willingness of people to pay more for different types of experiences . And just as two auto purchasers might spend an equal amount of money on very different cars, college students often show a willingness to pay essentially the same price for vastly different products. So which is it? Is college an investment product like a stock or a consumer product like a car? In keeping with the automotive worlds hottest consumer trend, maybe its best to characterize it as a hybrid ; an expensive consumer product that, over time, will pay rich dividends.
6. Whats the opinion of economists about going to college?
A.Huge amounts of money is being wasted on campus socializing.
B.It doesnt pay to run into debt to receive a college education.
C.College education is rewarding in spite of the startling costs.
D.Going to college doesnt necessarily bring the expected returns.
7. The two Harvard economists note in their study that, for much of the 20th century, ________.
A.enrollment kept decreasing in virtually all American colleges and universities
B.the labor market preferred high-school to college graduates
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