What Does the Fact That U

question 81

Multiple Choice

What does the fact that U.S. students are falling behind other nations' students in math and science have to do with economic growth?

• A) Nothing. People in the United States just don't like to fall behind in anything as a matter of pride.
• B) If U.S. students don't excel in math and science, the nation will see fewer plays written and fewer pieces of music composed.
• C) Better technology, a key to economic growth, depends largely on math and science skills.
• D) Math and science skills don't foster economic growth, but it takes math skills to calculate a nation's rate of economic growth.

Analyze consumer behavior trends during economic recessions.

Distinguish between spending on material goods vs. experiences.

Understand the basics of behavioral economics and its impact on economic decisions.

Identify factors contributing to the standard of living and its perception.

---

Definitions:

Antitrust Laws

Antitrust laws are regulations that promote competition by restricting monopolies, cartels, and other practices that can reduce consumer choices and hinder market efficiency.

Justice Department

A federal executive department responsible for enforcing the laws of the United States, overseeing legal affairs, and ensuring justice.

Administrative Bodies

Organizations or agencies responsible for implementing rules and regulations and overseeing a particular sector or aspect of society.

Federal Trade Commission

A United States federal agency established to promote consumer protection and eliminate and prevent anti-competitive business practices.