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NYT: Test Your Economic Literacy

"The Department of Education on Wednesday released its latest report on the economic proficiency of 12th graders, based on the test scores of nearly 11,000 students tested in 2012. It found little change in average economic literacy compared to test scores from 2006, although students in the lower part of the score distribution (at the 10th and 25th percentiles) made gains.

In case you want to know how you would stack up against these students, here are some sample questions from the report, followed by the answers..."


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5a. Explain why U.S. steel manufacturers would...

We're all at least as smart as 12th Graders, right?

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir