Employment and Education

Question 1

How does an employer's presentation of retirement savings options affect employees' decisions to save?

Revolt · Accepted Answer

by automatically enrolling employees to tap into their default bias

Question 2

How is a student loan different from a scholarship?

Revolt · Accepted Answer

A student loan must be paid back, but a scholarship is not paid back.

Question 3

Student-specific scholarships are awarded to students who

Revolt · Accepted Answer

are members of a certain group.

Question 4

At an educational institution, the cost of room and board includes

Revolt · Accepted Answer

housing and meals.

Question 5

Which statement describes an hourly wage job?

Revolt · Accepted Answer

If an employer wants the employee to work more hours in a week, the result is a larger paycheck.

Question 6

This graph compares the cost of room and board at educational institutions in Texas.

Revolt · Accepted Answer

many students might choose an alternative living situation over paying room and board at a four year institution.

Question 7

Which statement best defines tuition?

Revolt · Accepted Answer

Tuition is the price of attending classes at a school.

Question 8

This graph compares the total cost of attending educational institutions in Texas.

Revolt · Accepted Answer

four-year universities greatly varies.

Question 9

Which educational institutions typically cost the most to attend?

Revolt · Accepted Answer

private colleges

Question 10

How can an employer's retirement matching program encourage an employee to save for their retirement?

Revolt · Accepted Answer

It boosts savings by adding extra funds to the employee's contribution.

Employment and Education Answers