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Central High School in Cleveland, Ohio.

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How did John D. Rockefeller control over much of the oil industry?

By selling oil cheaper than his competitors, forcing his competitors to go out of business or to be taken over by Rockefeller. He also gave kickbacks to the railroads to give his oil shipments preferential treatment.


Economic factors of high school dropouts?

Children drop out of high school for many reasons. I see a question. "Economic factors of high school dropouts?" It has two possible meanings. The first meaning is, "Do students drop out of high school because they or their parents can not afford to let them continue to go to school? If so, what does the future hold?" The answer is Yes. You can go to any number of migrant labor camps in the United States. You can see children running around. You will talk to people. Their parents could not afford to pay for them to go to school. You can see children pushing drugs on the street. You can ask them why they are not in school. They will tell you they need money for food. Some of them are lucky enough to get sent to jail where they will get three meals a day and go to school. Most will simply have there drugs taken away from them and get a lecture from the judge. The lecture will do no good. Many families force their children to go to work as soon as possible. The other question concerning Economic factors is a question of whether or not getting a High School diploma without college actually affects future income and if so, how? That is a far more difficult question. The boys graduating from high school are the boys who did not join gangs but were law abiding. A number did not go to college because they had connections to get a job. (If your dad is a plumber and he can get you on as a plumber's apprentice, why bother becoming a brain surgeon?) The girls who graduated were the ones who did not get pregnant and drop out. They graduated and got jobs. They learned what life was all about. So. The high school dropout situation frequently tells you more about the dropout than it does about the high school. However, it might tell you about the incompetent administration of the high school. The administration could even encourage the existence of gangs and dope dealing. When the principal is challenged for the way he runs such a school, he shrugs and says, "This is an experimental school." Only Education has experiments where the results are not measured and reported.


What happens to prices if the supply is high?

The price will skyrocket, increase, go up.


Why would interest rates go up if inflation is high?

no


What is the Opportunity cost of a particular good?

The opportunity cost of a certain good is the cost of the next best good that you are forgoing. It is NOT a sum of all the other possibilities. It is just the cost of the next best alternative. For example: The opportunity cost of going to college is the money that you could have earned in a job. Say you spend $80,000 to go to college for four years, but if you had gotten a job right out of high school, you could have made $15,000 a year. The opportunity cost of attending college is the $60,000 you would have earned if you had gotten the job right out of high school.

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