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# In the 1970 s there was an oversupply of college graduates.

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In the 1970 s there was an oversupply of college graduates. [#permalink]

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20 Aug 2006, 08:24
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In the 1970â€™s there was an oversupply of college graduates. The oversupply caused the average annual income of college graduates to fall to a level only 18 percent greater than that of workers with only high school diplomas. By the late 1980â€™s the average annual income of college graduates was 43 percent higher than that of workers with only high school diplomas, even though between the 1970â€™s and the late 1980â€™s the supply of college graduates did not decrease.

Which of the following, if true, in the late 1980â€™s, best reconciles the apparent discrepancy described above?

(A) The economy slowed, thus creating a decreased demand for college graduates.
(B) The quality of high school education improved.
(C) Compared to the 1970â€™s, a greater number of high schools offered vocational guidance programs for their students.
(D) The proportion of the population with at least a college-level education increased.
(E) There was for the first time in 20 years an oversupply of job seekers with only high school diplomas.
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20 Aug 2006, 11:00
Straight E.
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20 Aug 2006, 11:14

E is similar to the way argument explains why the average annual income reduced.
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20 Aug 2006, 15:17
Looks like a straight E.
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21 Aug 2006, 03:03
The oversupply of high-school graduates in the 1980s probably included many of those job seekers reluctant to go to college because they were aware of the meager 18% differential (not much of an incentive) of landing a higher paying job a decade earlier.

(E)
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