Auditors working for a large accounting firm are often away from the office. When they are in the office, they are allowed to use any desk that is available. Which method is used to allocate desks?
A) lottery
B) first-come, first-served
C) command
D) contest
E) sharing equally
B
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Studies show that doctors earn a compensation that is almost 20% higher than lifeguards, although both these professionals are considered to be life savers. Which of the following accounts for this difference in earnings?
a. Differences in human capital b. Differences in ability c. Differences in on-the-job experience d. Differences in the magnitude of risk associated with the job
Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price
Please provide the best answer for the statement.
Refer to the scenario above. Julie should place a bid of ________
A) $300 B) $150 C) $200 D) $250
The permanent-income hypothesis seeks primarily to explain the
A) observed long-term constancy of the saving ratio. B) observed variation in the short-term saving ratio. C) unimportance of transitory income changes. D) All of the above are correct.