Business, 14.04.2020 22:06, lasrdw

The British government introduced legislation in 2012 that gave universities the option to raise their tuition fees. Most chose to increase annual tuition fees for students from £3,000 to £9,000. Does this mean that the cost of going to university has tripled? (Think about how an accountant and an economist might answer this question. To simplify, assume that the tuition fee is an ‘out of pocket’ cost. Ignore student loans.)

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The British government introduced legislation in 2012 that gave universities the option to raise the...