Quick conclusions about high school graduation rates should be made with care because of
A. the phenomenon of social promotion.
B. the phenomenon of social promotion and the significant increase in the granting of less valuable GEDs.
C. the significant increase in the granting of less valuable GEDs.
D. the decrease in reported graduation rates reflects more stringent graduation standards.
Answer: B
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An increase in the excise tax on alcohol of $1 per liter:
a. will have no effect on alcohol consumption. b. will generate minimal tax revenues for the federal government. c. will generate substantial revenues if demand is elastic. d. coupled with a uniform drinking age nationwide would save lives. e. will raise the price of alcohol by exactly $1 per lite
What was the first year that Social Security revenues fell below Social Security retirement payments?
A. 2010. B. As of 2015, Social Security revenues continue to exceed Social Security retirement payments. C. 2009. D. 2014.
A nation that currently has a surplus in its capital account is called a
A) debtor nation. B) net lender. C) net borrower. D) current account surplus nation. E) creditor nation.
In terms of economic growth, educated workers are generally:
A. more productive. B. less productive. C. less healthy. D. happier.