Compared to Those Who Do Not Attend College, Emerging Adults

question 86

Multiple Choice

Compared to those who do not attend college, emerging adults who obtain tertiary education tend to have considerably __________.

• A)higher earnings, occupational status, and career attainment over the long run
• B)mediocre job success, a greater sense of identity, and higher sense of self-worth
• C)milder temperament, more secure attachments, and happier long-lasting marriages
• D)higher earnings, more mellow temperaments, and a greater sense of identity

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Definitions:

Unit Elastic

A situation in which the percentage change in quantity demanded is equal to the percentage change in price.

Inelastic

Describes a situation where the demand for or supply of a good or service is relatively unresponsive to changes in price.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in its price.

Productive Capacity

The maximum output a company or economy can produce with its current resources and technology, without causing inflation.