The Preview discusses the choice of going to college or not. Use the internet to examine educational attainment by race, Hispanic origin, and gender. The table of contents and data found in the Statistical Abstract of the United States. Click on the tables for Education Attainment. Use the data in this table to create a graph
Plot the percentage of each group that had 4 years or more of college on the vertical axis. Plot the year on the horizontal axis.
Questions
- Which group has the highest percentage with 4 or more years of college?
- What could explain the difference between males and females?
- Which two races have the greatest differentials between males and females in educational attainment?
Solutions:
- White males have the highest percentage with 4 or more years of college.
- Differences between males and females could be explained by a number of reasons. Try to gear student discussion toward choices and opportunity cost differences between the sexes.
- Asian/Pacific Islanders and Whites have the greatest differentials between males and females in educational attainment.
Economics
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When it comes to enacting policy changes, loss aversion often leads to status quo bias because:
A. the resistance from those who stand to lose from the policy often overwhelms the support from those who stand to gain. B. people's estimates of their gains from the policy are often too large. C. people's estimate of their losses from the policy are often too small. D. the support from those who stand to gain from the policy often overwhelms the resistance from those who stand to lose.
Economics