Poor Children Repeat Grades and Drop Out of High School

question 20

Multiple Choice

Poor children repeat grades and drop out of high school __________ as their non-poor peers.

• A)at half the rate
• B)at about the same rate
• C)at more than double the rate
• D)at more than four times the rate

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Quantity Demanded

The specific amount of a good or service that consumers are willing to purchase at a given price over a specific period of time.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price, holding all else constant.

Equilibrium Quantity

The quantity of goods supplied that is equal to the quantity demanded at the market equilibrium price.