Researchers Predict That If PISA Scores in the United States

question 115

Multiple Choice

Researchers predict that if PISA scores in the United States rose by 25 points, the result could mean an increase of _____ in the nation's Gross Domestic Product over an 80-year time span.

• A) $400,000
• B) $40 million
• C) $40 billion
• D) $40 trillion

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Definitions:

Break-even

The point at which total cost and total revenue are equal, meaning there is no net loss or gain.

Profit-maximizing

A strategy or condition where a firm adjusts its production to achieve the highest possible profit based on its costs and the market price.

Shut-down Point

The price and quantity point at which a business ceases operations because continuing would result in losses.

Economically Efficient

A situation where resources are allocated in a way that maximizes the net benefit to society or minimizes the cost of achieving a set output level.