LEVEL OF ECONOMIC UNDERSTANDING FOR SENIOR HIGH-SCHOOL-STUDENTS IN OHIO

The level of economic understanding of 665 11th- and 12th-grade studen ts in southeast Ohio was examined in this study. The Test of Economic Literacy (TEL), a standardized, multiple-choice test designed to measu re a student's level of economic understanding, was administered to 66 5 students. The students' scores were analyzed and compared with natio nal averages for the TEL, The 3 subjects the students understood best were currency exchange, competition, and types of economic systems. Th e 3 subjects the students understood least were market failures, infla tion, and scarcity of resources.