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Brick and mortar universities offer attractive networking opportunities for students that are not as easily utilized online.
Of course, it might be argued by a dedicated University of Phoenix student that the experience of working while attending classes is just as valuable as being a member of a university lacrosse team, university newspaper, or debate team. Furthermore, the maturity and responsibility of juggling work and school can be beneficial, and is something that more traditional university students must sacrifice. University of Phoenix students can still discuss their course matter online with students and faculty, and may be better able to see the relevance of learning in the real world, since they are a part of that world as workers. Furthermore, students can spend more time with their families while attending school.
Merit-based aid to attend a university clearly seems to be an example of an 'efficient' market -- the best student is given the most attractive opportunity to make use of the degree. It could be argued that in general, it is an opportunity cost for society, and not 'equitable' that students who are not wealthy are not able...
At some schools, the terms of need-based aid also often demands that a student work a part-time work study job and wealthier students do not have to do so.
It is not equitable that the children of the wealthy can choose a college based solely on personal preference, and not have to work if they do not wish to while obtaining an undergraduate degree. There is some equity in the distribution of need-based aid, of course, but it is a rare poor or middle-class student who can ignore the price tag on his or her college tuition. Furthermore, a poor student who receives a full scholarship must be more careful in selecting a marketable degree, rather than following his or her heart than a wealthier student.
References
Henderson, David. (2009). Opportunity cost. The Concise Encyclopedia of Economics.
Retrieved October 31, 2009 at http://www.econlib.org/library/Enc/OpportunityCost.html
The cost of your online degree. (2009). Votech. Retrieved October 31, 2009 at http://www.votechdirect.com/the-cost-of-your-online-degree.html
Some poor graduate students may decide that they have better things to do than clean. "Outsourcing household tasks meant they had to take on more debt, but they calculated -- correctly -- that spending an extra hour working on a paper was better for their lifetime expected earnings than spending that same hour vacuuming" (Rampell 1). And the more people avail themselves of such sources, quite frequently the greater
For example, if apple prices are higher than orange prices, consumers are likely to buy more oranges, since the fruits are virtually substitute goods for one another. So long as the apple growers can still make a profit, they will very likely lower their prices to meet consumer demand, until demand for apples increases again. Another example is that of gas prices. While gas 'gouging' certainly exists, it is
The relationship typically is that a decrease in supply will result in an increase in price. In this case, there is a rational explanation for the decrease in prices at the same time as the decrease in supply. New housing starts are a lagging indicator. Housing prices will typically begin to fall before new housing starts. Therefore, the two can fall at the same time, but the relationship is
Joint costing systems should bear in mind the legal constraints on the use of such systems, and should provide accurate information to managers in order to be most useful in the managerial accounting context. Firms need to remain competitive, which indicates that the market will set prices to some degree. This implies that firms can make better decisions with respect to what projects/products they wish to pursue by understanding the
Office Depot started its operation five years after Staples. The company has aligned its business strategy to target increasing its market share through business policies similar to those undertaken by Staples Inc. The company is locally owned and faces difficulties in capital expansion to be able to roll more distribution outlets similar to Staples. This has incapacitated the company in acquiring economic of scale in operation. The company currently
Naturally, this improves profitability for private enterprises but simultaneously shrinks the American production and labor economies. This is the type of stifling of growth that has contributed significantly to the current state of recession gripping the United States. Globalization makes as its underlying presumption the assertion that by reducing barriers to economic integration across international borders, the world community is creating a vehicle to a more equal distribution of wealth.