Question

In: Economics

COLLAPSE According to researcher Richard Vedder, only 21 cents of every added dollar that universities have...

COLLAPSE

According to researcher Richard Vedder, only 21 cents of every added dollar that universities have spent over the past twenty-five years has gone to student instruction. Where did the other 79 cents go? If you are an undergraduate today, what tangible benefits of these increased university resources can you see around you?

Solutions

Expert Solution

According to researcher Richard Vedder, only 21 cents of every added dollar that universities have spent over the past twenty-five years has gone to student instruction. Where did the rest 79 cents go?

The question is understandable, as in the field of education only little investment is needed for the student instruction and to educate them. But in the modern world there are millions and millions of dollars spent in the field of education. But this investment is reasonable as the education system doesn't only means the student instructions but there are many other resources and infrastructures needed for the process of students instruction to take place smoothly and effectively. So the rest 79 cents of every dollar spent by universities have gone in the creating of the resources and infrastructures of the university.

If I am an Undergraduate today, may be from any university, I can see many tangible benefits of these increased university resources around me like that of -

  • The big libraries with large number of books which helped me getting knowledge on any topic.
  • The computer labs/centres and other multimedia equipments used for instructions, which helped me to study according to the modern systems which were not available to the previous students(10-15 years back).
  • The infrastructures at the university like modern buildings, chairs and desks etc which help us to make ourselves comfortable so that there is no difficulty in study.
  • Development of the grounds/courts and equipments and other items for the development of sports in the university. These developments have given opportunities to many players to choose their careers in the field of sports.

Related Solutions

According to researcher Richard Vedder, only 21 cents of every added dollar that universities have spent...
According to researcher Richard Vedder, only 21 cents of every added dollar that universities have spent over the past twenty-five years have gone to student instruction. Where did the other 79 cents go? If you are an undergraduate today, what tangible benefits of these increased university resources can you see around you?
According to a Gallup poll, 11.55% of American adults have diabetes. A researcher wonders if the...
According to a Gallup poll, 11.55% of American adults have diabetes. A researcher wonders if the rate in her area is higher than the national rate. She surveys 150 adults in her area and finds that 21 of them have diabetes. 1) If the region had the same rate of diabetes as the rest of the country, how many would we expect to have diabetes? 2) Suppose you are testing the hypothesis that the diabetes rate in this area differs...
-According to your textbook, auditors have to make judgments concerning materiality on every audit. Since the...
-According to your textbook, auditors have to make judgments concerning materiality on every audit. Since the auditing standards give no formal guidance for how to determine materiality, auditors must rely on their own experience. Determine at least three qualitative factors that affect the auditor's judgment. Provide a rationale for your response. -According to the textbook, auditors rely on the audit risk formula to determine the types and amount of audit evidence to collect in order to keep the overall audit...
According to CAPM Beta can have many definitions. Please mark the only CORRECT one: a. If...
According to CAPM Beta can have many definitions. Please mark the only CORRECT one: a. If the covariance between stock B and the market is 200 and the volatility of the market index is 20%, then B’s Beta will be 0.5 b. The higher the covariance between stock A and the market, the lower its Beta c. Beta measures the volatility of the stock d. Given a collection of 10 stocks, the one with the highest covariance with the market...
Suppose you have 4 factors to investigate. You have resource to do 2 replicates of a 2^4 design. But you can only conduct 8 runs every day.
Suppose you have 4 factors to investigate. You have resource to do 2 replicates of a 2^4 design. But you can only conduct 8 runs every day. How would you set up the treatments for each day? What will be the degree of freedom for MSE in your ANOVA table?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT