Increasing Years of Schooling Over the Last Half Century Have

question 86

Multiple Choice

Increasing years of schooling over the last half century have most likely contributed to

• A)stereotype threat.
• B)the Flynn effect.
• C)the normal curve.
• D)neural plasticity.

---

Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unachievable.

Tax

A required financial fee or another kind of duty enforced on a taxpayer by government authorities, designed to raise funds for government outlays and a range of public expenses.

Price-Elastic Supply

A situation where the quantity supplied of a good changes significantly as a result of changes in its price.

Excise Tax

A tax imposed on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and fuel, to generate revenue or discourage consumption.