Where Does Texas Rank Among the 50 States in Proportion

question 1

Multiple Choice

Where does Texas rank among the 50 states in proportion of adults who have graduated from high school or earned a G.E.D.?

• A) 1^st (best)
• B) 20^th
• C) 40^th
• D) 50^th

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Definitions:

Industry Concentration Ratios

Statistical measures that express the extent to which a small number of firms dominate the total output, sales, or capacity in an industry.

R&D

Research and Development; a dedicated business or policy activity aimed at investing in new knowledge, product development, and innovation improvement.

Firm Sales

The total volume or value of all products sold by a company during a specific period.

Pure Competitors

Firms operating in a pure (or perfect) competition market, characterized by many buyers and sellers of a homogeneous product and freedom of entry and exit.