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Unformatted text preview: economic perspective. What group above would you think would have the most education? Remember, it was not that long ago that society thought females should get married, have children, and stay at home; what did they need with a quality education? My wife grew up during these times, but chose to go against the “societal grain” and get an education. Believe it or not, there are a significant number of folks that still think this way today. It was found, in this study, that education was the primary determinant in the ability to negotiate a purchase price that minimized the profit to the auto dealer. Yes, education levels are correlated in this study with race and gender, but it is not clear that any type of discrimination on the grounds of race or gender was occurring. Conclusion: The less you know the more you get ripped off 6 Conclusion: The less you know, the more you get ripped off....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10