West Virginia,the State with the Lowest Percentage of College Graduates

question 7

Multiple Choice

West Virginia,the state with the lowest percentage of college graduates in the United States,

• A)is indicative of Americans' relative indifference to higher education.
• B)is evidence of the general truth that the states with the highest percentage of college graduates are located between the Rockies and the Mississippi River.
• C)is one of seven U.S.states with fewer than five institutions of higher learning.
• D)demonstrates how closed higher education in the United States is compared to the rest of the world.
• E)has a higher proportion of college graduates than most European countries.

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Definitions:

Demand Function

A mathematical expression showing the relationship between the quantity demanded of a good and its price, along with other determinants of demand like income.

Quantity Tax

A tax levied on the quantity of goods sold, not on the value of sales.

Supply Schedule

A table or graph showing the quantity of a good that producers are willing and able to supply at different prices.

Tax Rate

The rate at which taxes are levied on an individual or a company's income.