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- 1970-1-1
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In the 1970’s there was anoversupply of college graduates. The oversupply caused the average annualincome of college graduates to fall to a level only 18 percent greater thanthat of workers with only high school diplomas. By the late 1980’s the averageannual income of college graduates was 43 percent higher than that of workerswith only high school diplomas, even though between the 1970’s and the late1980’s the supply of college graduates did not decrease. Whichof the following, if true, in the late 1980’s, best reconciles the apparentdiscrepancy described above? (A) The economy slowed, thus creating adecreased demand for college graduates. (B) The quality of high school educationimproved. (C) Compared to the 1970’s, a greaternumber of high schools offered vocational guidance programs for their students. (D) The proportion of the population withat least a college-level education increased. (E) There was for the first time in 20years an oversupply of job seekers with only high school diplomas. |
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