In 2018, What Approximate Percentage of Adults in the U

question 210

Multiple Choice

In 2018, what approximate percentage of adults in the U.S. were college graduates or higher?

• A) 10 percent
• B) 35 percent
• C) 50 percent
• D) 70 percent

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Definitions:

Variable Cost

Costs that vary directly with the level of production or sales, such as raw materials and labor expenses.

Steel

An alloy of iron and carbon, and sometimes other elements, known for its high tensile strength and ability to be shaped into various forms.

Total Cost Curve

A graphical representation that shows how the total cost of production changes as the quantity of output changes.

Output

In economics, this refers to the total amount of goods and services produced by an economic system over a given period.