Working-Class Children Are Most Likely to Do Which of the Following

question 12

Multiple Choice

Working-class children are most likely to do which of the following after graduating from high school?

• A)travel around Europe
• B)attend a four-year college
• C)attend a two-year college
• D)immediately start working
• E)take the summer off to relax

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Definitions:

Tax Revenue

The earnings achieved by governments by levying taxes.

Excess Burden

The cost to society created by market inefficiency, mainly used in the context of taxes that cause consumers and producers to alter their behavior in ways that reduce economic well-being.

Excess Burden

The cost to society created by market inefficiency, which occurs when goods or services are not produced or allocated efficiently.

Economic Decisions

Choices made by individuals, households, firms, or governments regarding allocation of scarce resources to satisfy various needs and desires.