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Determine whether each of the statements is true, false, or uncertain. Please use both well-labeled graphs and clear explanations. All answers will be graded entirely

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Determine whether each of the statements is true, false, or uncertain. Please use both well-labeled graphs and clear explanations. All answers will be graded entirely on your justification. Use, as appropriate formulas and graphs. a) TFU: Subsidizing the attendance of college will reduce the amount of income inequality. HINT: Use the Becker supply-and-demand (stopping rule) model, and think of the subsidy as a reduction in the interest / discount rate. Be sure to pay attention to differences in ability and whether more able people have higher or lower discount rates. b) A college graduate will earn about $1 million more over the course of a career than a high school graduate. TFU: This means that an individual should attend college as long as the cost of college education is less than $1 million

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