Economics 0455 · IGCSE · Households

Households — practice question

A student needs to borrow $\$60\,000$ to finance a five-year university course in medicine. What might encourage the student to borrow in order to pay for the course?

  • ADebts must be repaid within the first five years of work.
  • BFurther training in hospitals must follow graduation.
  • CHigh earnings are expected in the long-run.
  • DMany skills gained on the course are non-transferable.

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