Harold Stevenson's Study of Mathematics Performance in Three Cultures Revealed

question 135

Multiple Choice

Harold Stevenson's study of mathematics performance in three cultures revealed that a likely reason for the Japanese superiority over the Americans was:

• A)the time spent on tasks in school.
• B)the educational level of the teachers.
• C)the educational level of the parents of the children.
• D)Japanese schools pay their teachers more; hence, attract better teachers.

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Definitions:

Marginal Revenue

The supplementary income produced through the sale of an extra unit of a product or service.

Equilibrium Price

The price at which the quantity of goods suppliers are willing to produce equals the quantity of goods consumers are willing to buy.

Normal Profit

The minimum level of profit necessary for a company to remain competitive in the market, covering opportunity costs but not generating economic profit.

Market Equilibrium

The state in which market supply and demand balance each other, and, as a result, prices become stable.