Phil Harrison is a welder who works on skyscrapers and extension bridges. Phil's brother William is also a welder but he works in a manufacturing plant where he does all of his welding on ground level
Which of the following would not explain why Phil earns a higher wage than his brother?
A) cognitive dissonance
B) Phil's marginal revenue product is greater than William's marginal revenue product.
C) Phil has greater experience as a welder than his brother has.
D) Phil's job is more hazardous than William's job.
A
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In response to accounting scandals in 2002, the federal government passed legislation requiring among other things that auditors disclose any potential conflicts of interest. What is the name of this legislation?
A) the Kennedy-Lott Act B) the Accountant Reliability Act C) the Sarbanes-Oxley Act D) the 24th amendment to the Constitution
The Fed can decrease money supply by
a. buying government bonds. b. increasing the reserve requirement. c. printing less currency. d. making open market purchases. e. decreasing the discount rate.
In this graph, what is the total loss?
a. $75
b. $80
c. $85
d. $90
Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. 
Figure 17.1 Refer to Figure 17.1. Dmitri has two job offers when he graduates from college. Dmitri views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $40,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of $40,000. Dmitri believes that he has a 50-50 chance of earning the bonus. Dmitri's expected utility from the first job offer is ________ and it is ________ from the second job offer.
A. 180; 160 B. 180; 210 C. 180; 110 D. 90; 160