Question $1$

Statement $1$: $"$If it takes a student longer to graduate, the implicit personal financial return to

education will go down relative to other students with the same characteristics."

Statement $2$: "Older students, all else the same, get a lower personal financial return to

education than younger students."

A$.$ Both statements are true

B$.$ Both statements are false

C$.$ Statement $1$ is true, but $2$ is false

D$.$ Statement $2$ is true, but $1$ is false