Which of the Following Is True Regarding Level of Education

question 26

Multiple Choice

Which of the following is true regarding level of education and household income?

• A)The higher the level of education,the higher the income level.
• B)The highest household incomes were in families where a family member had a Bachelor's degree.
• C)High school graduates typically make more than those who attended college but did not graduate.
• D)There is no direct relationship.

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Definitions:

Economize

The act of reducing waste or optimizing the use of resources to save money or achieve greater efficiency.

Affluent

Describes individuals, communities, or nations with a high level of wealth and income, typically measured by the standard of living and purchasing power.

Production Possibilities Curve

A model that shows the maximum combination of goods or services that can be produced with a fixed amount of resources.

Economic Decline

A period characterized by a decrease in the GDP, income, employment, and trade lasting for several months or years.