Compared to the Average 29% for All Americans Over 24

question 27

Multiple Choice

Compared to the average 29% for all Americans over 24 years old, 52% of which racial/ethnic group has completed four years of college or more?

• A) Hispanic
• B) Asian American
• C) non-Hispanic white
• D) African American

---

Definitions:

Budget Constraints

Constraints that consumers face as a result of limited incomes.

Endowment Effect

Tendency of individuals to value an item more when they own it than when they do not.

Reference Point

A basis or standard for evaluation, comparison, or judgment.

Original Endowment

The initial allocation of income, wealth, resources, or goods that an individual or economy possesses before engaging in trade or production activities.