Curly just graduated from State U and has three job offers: teaching at a prestigious private high school nine months a year with summers off, working forty hours a week at a bank in a small city, and working more than sixty hours a week for a high-powered investment firm in New York. The annual salary for each of these offers is probably:
A. lowest at the high school, in the middle at the investment firm, and highest at the bank.
B. lowest at the bank, in the middle at the investment firm, and highest at the high school.
C. lowest at the investment firm, in the middle at the bank, and highest at the high school.
D. lowest at the high school, in the middle at the bank, and highest at the investment firm.
Answer: D
You might also like to view...
In a free market economy, people are free to manufacture buses out of gold, rather than steel. So why aren't buses made out of gold?
A) Although it meets all economic laws, gold buses would violate the laws of physics and mechanical engineering. B) It is ridiculously unprofitable to make gold buses. C) The AFL-CIO wouldn't allow buses to be made from gold. D) There's only one individual with a patent on gold buses, and he refuses to sell it to other potential manufacturers.
If Steve's Apple Orchard, Inc is a perfectly competitive firm, the demand for Steve's apples has
A) zero elasticity. B) unitary elasticity. C) elasticity equal to the price of apples. D) infinite elasticity.
A subsidy to buyers has been placed in the market in the graph shown. Why might the government enact such a policy?
A. As a way to encourage the consumption of the good
B. As a way to encourage consumers to substitute away from the good
C. As a way to discourage the production of the good
D. As a way to discourage the consumption of the good
The ____ is at the center of the market process
A) managers B) shareholders C) entrepreneur D) none of these choices.