In the US ,Each Additional Year of Schooling Has Historically Raised a Raised

question 27

Multiple Choice

In the U.S. ,each additional year of schooling has historically raised a person's wage on average by about

• A)2 percent.
• B)5 percent.
• C)10 percent.
• D)15 percent.

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Definitions:

Money Supply

The total amount of monetary assets available in an economy at any given time, including cash, coins, and balances held in checking and savings accounts.

Credit Cards

Financial instruments that allow holders to borrow funds to pay for goods and services with the expectation of repaying the loan with interest.

Debit Cards

Plastic payment cards that allow users to make transactions by deducting money directly from their checking account, rather than incurring debt like a credit card.

Money

A medium of exchange that is widely accepted in transactions for goods and services, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.