Microeconomics Which of the following statements is true? a. Students majoring in economics earned more than students majoring in engineering in the U.S. in 2015. b. People with 0–5 years of work experience earn more than people with 10–20 years of work experience in all major fields. c. The median pay of economics majors increased more in dollar terms than any other majors in 2015. d. A college degree does not influence the earnings of workers.

Answers

Answer 1

Answer:  c. The median pay of economics majors increased more in dollar terms than any other majors in 2015.

Explanation:

According to research by several job websites, Economics majors saw their wages increase more than other majors in terms of dollar terms in 2015.

This has been attributed to the Economics field needing more specialization as most entry level economics jobs require at least a masters in the field. While there does not seem to be any reason for this, it is theorized that the need for Economists has been on the rise as economies become more uncertain.


Related Questions

If the price of Good Y falls from $10 to $8, and the quantity supplied of it falls from 1,000 units to 600 units, the price elasticity of supply is:

Answers

Answer:

Price elasticity of supply = 2.25

Explanation:

Price elasticity of supply is defined as the degree to which quantity of a product supplied is sensitive to changes in price.

In a competitive market when the price of a good increases its supply also increases. This is because suppliers want to make more profit from the higher product price.

Price elasticity of supply = %∆ Quantity ÷ %∆ price

Price elasticity of supply = {(600 - 1000) ÷ (1000 + 600)/2}/ {(8 - 10) ÷ (10+8)/2}

Price elasticity of supply = -0.5 ÷ -0.2222

Price elasticity of supply = 2.25

A customer enters a market order to buy 100 shares of XYZ. The broker-dealer reports the purchase price of 100 shares of XYZ at 27.50 to the customer; shortly after, it is determined that the actual price paid when the order was filled was 28. The customer:______.

Answers

Answer:

The customer have to accept the trade at the amount of $28

Explanation:

Based on the information given we were told that the actual amount the customer paid when the customer order was filled was the amount of $28 and not the amount of $27.50 which was the purchase price given by the broker dealer, Hence based on this we can vividly say that the customer have to accept the trade at the amount of $28 which was the actual amount paid when the order was filled.

Therefore the customer will have to accept the trade at the amount of $28.

Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $6. The smallest amount for which you would be willing to wash someone else's car is $3.50. You are going out this evening and your car is dirty. How much economic surplus would you receive from washing it?

Answers

Answer:

$2.50

Explanation:

The most you would be willing to pay to have a freshly washed car before going out on a date is $6

The smallest amount you would be willing to wash another person's car is $3.50

Therefore if you are going out and need to wash the car, the economic surplus that would be received from washing it can be calculated as follows

= $6 - $3.50

= $2.50

Hence the economic surplus that would be received from washing the car is $2.50

Home is a country that produces two goods, pears and cellular phones. Last year, Home produced 450 bushels of pears and 1050 cellular phones. This year it produced 450 bushels of pears and 2000 cellular phones. Given no other information, which of the following events could explain this change?a. Home experienced increased unemployment.b. Home experienced a decline in pear-producing technology.c. Home experienced an improvement in cellular phone-making technology.d. Home experienced a reduction in resources

Answers

Answer:

c. Home experienced an improvement in cellular phone-making technology.

Explanation:

It is the improvement recorded in its technology for phone-making that gave rise to the improved production of cellular phones from last year's 1050 phones to this year's 2000 cellular phones.  This shows an improved productivity of about 90%.  Home did not witness similar improvement in the production of pears as the quantity produced last year was also produced in the current year.

Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. With annual overhead costs and operating expenses amounting to $145,000, Jamie expects a profit margin of 20 percent. This margin is 5 percent larger than that of her largest competitor, Apps, Inc.

Answers

Answer:

Accounting costs $145,000

Implicit costs $75,000

Opportunity costs $220,000

Explanation:

What her accounting cost will be during the first year of operation.

Based on the information given we were told that the annual overhead costs and operating expenses amounted to the amount of $145,000 which means that the amount of $145,000 will be the ACCOUNTING COSTS

Her IMPLICIT COSTS will be the amount of $75,000 which is the amount she earn in her current job per year.

Her OPPORTUNITY COSTS be the addition of both her Her accounting cost and implicit costs

Hence,

Opportunity cost=$145,000+$75,000

Opportunity cost=$220,000

A creditor who has a security interest in the debtor's collateral is a ____________. a.secured party b.security agreement c.security interest d.financing statement

Answers

Answer: Secured party

Explanation:

Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid.a) trueb) false

Answers

Answer: true

Explanation:

The reports available on Aetna's producers world are ones Medicare business book, month or year of commission report and licensing reports.

The requirements necessary to have ready-to-sell Aetna Medicare status are

Aetna Individual Medicare certification for the products one intend to sell, active contract through Medicare Producer Contracting site, having a licensed in the state one wants to sell and also passed ng a check done background.

Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid is true.

What are the safety risks associated with using the Internet? Check all that apply.
encountering inappropriate content
finding incorrect information
getting a computer virus
having your identity stolen
talking privately with your friends

Answers

Answer:

A) Encountering inappropriate content.

C) Getting a computer virus.

D) Having your identity stolen.

The safety risks associated with using the Internet are encountering inappropriate content, getting a computer virus, and having your identity stolen.

With its limitless access to information, the Internet is both a useful tool and a potential threat to safety and security. It's crucial to keep an eye on what a youngster sees, hears, shares, or could be exposed to.

Privacy settings can restrict who can view your child's personal information, such as their name, age, and residence. However, if your child adds someone as a "friend," that person will have access to your child's private information, including, in the case of some devices, their GPS position.

Therefore, the following statements are:

Encountering inappropriate content.Getting a computer virus.Having your identity stolen.

To know more about the safety risks, visit:

https://brainly.com/question/30092537

#SPJ2

A company leases trucks and properly classifies the leases as finance leases. The leases have a 10-year term, and the lease calculations were done three years ago when interest rates were lower. Which of the following is the appropriate accounting treatment, if any, for the application of the fair value option to lease transactions?A. Recognize the change to fair value accounting with an unrealized loss in the income statement.B. Leases are not eligible for the fair value option.C. Recognize the change to fair value accounting with an unrealized loss in accumulated other comprehensive income.D. Recognize the change to fair value accounting with a cumulative adjustment to beginning retained earnings.

Answers

Answer:

D. Recognize the change to fair value accounting with a cumulative adjustment to beginning retained earnings.

Explanation:

In the situation whereby the 10 year term of the leased trucks value has adjusted leading to the increase in the interest rate of the lease, the best option would be recognize the change to fair value with its cummulative adjustment to beginning of the retained earnings.

Which of the following contingency factors will influence whether an organization is more effective with a primarily mechanistic organization design? Group of answer choices Service technology Large size Adaptive culture Innovative strategy

Answers

Answer: adaptive culture

Explanation:

Contingency factors simply describe how the setting of an organization shapes and influences the structural dimension.

The contingency factor that will influence whether an organization is more effective with a primarily mechanistic organization design is the adaptive culture.

Adaptive culture has to do with the expectation of change and the adoption of the changes in an effective manner as this leads to growth, and innovation.

PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!

In the above diagram, the demand for pepper is an example of price __________.


A. elasticity
B. shifting
C. inelasticity
D. controlling

Answers

Answer:

the answer is B yeah i think they fit

Answer:

PEOPLE ARE SAYING B AND A WHICH ONE IS IT

Explanation:

AHHHHHHHHHHHHHHHH

Which economic system has the most government control? (Select the best answer.)
A planned economy . A traditional economy . A mixed economy . A market economy​

Answers

Answer:

A planned economy because they know what is going to be put in place at any certain time, so they have the most power. Hope it helps! Please vote Brainliest!

Explanation:

Answer:

A planned economy that is the answer

Among the universal functions of marketing, the _____ function is probably the most visible function of marketing.

Answers

Answer:

selling

Explanation:

Selling in marketing make the cycle of production to complete, because it is through selling that the product and services get to the consumer. And as a result of this transaction between both the producer and the consumer, returns can be gotten by those companies for service or product rendered.

It should be noted that in all the universal functions of marketing we know, the selling function is probably the most visible function.

name 10 ways you enjoy corn
(Internally or externally)

Answers

Answer:

How i enjoy corn

Explanation:

 1 I love the flavor it gives out, 2 How you can make different kinds of popcorn like caramel and etc. 3 And how you can just store it in the freezer an it makes it all soft and chewy so people with no teeth can eat it.4 Corn has several health benefits. Because of the high fiber content, it can aid with digestion. It also contains valuable B vitamins, which are important to your overall health. Corn also provides our bodies with essential minerals such as zinc, magnesium, copper, iron and manganese.

For all the_____the new CEO has received from the press recently, her staff have a decidedly less rosy view of her.

Answers

Answer: encomium/tribute

Explanation:

For all the encomium the new CEO has received from the press recently, her staff have a decidedly less rosy view of her.

One who is showered with encomium or tribute or praise simply means that the boss had been spoken of in high regards and acknowledged for doing something great.

Answer:

A. encomiums

B. tributes

Explanation:

When it is said that someone has a decidedly less rosy view of someone else, it means that they do not like their character or personality.

The new CEO's staff had such a view of her which would imply that they find her character to be somewhat lacking. The sentence was structured in such a way that their views were the opposite of that of the press which would mean that the missing word has something to do with a favorably view of the CEO's character.

Those words could either be encomiums which mean praises or tributes which is essentially the same as encomium.

LMN Enterprises performs accounting services for a client for $3,000 cash. What is the effect on the accounting equation?

Answers

Answer:

The equation remains balanced but there is a total increase of $ 3000 on both sides.

Explanation:

Cash is increased by earning a cash of $ 3000 and so is the revenue increased .  Increase in the revenue means increase in the capital.

The total profit earned is added in the Capital.

The increase in the right hand side of the equation is equal to the increase in the left hand side of the equation.

Assets = Liabilities + Capital

Cash +Assets = Liabilities + Capital + Revenue

+ $ 3000        =                                  + $ 3000

The equation remains balanced but there is a total increase of $ 3000 on both sides.

Stanford University tells students that they will "Grasp the forces driving the change," while students at Ryerson University are attracted by "Wisdom. Applied." What are these slogans used for?

Answers

Answer:

Element of culture

Explanation:

Culture is a broad term that is often used in sociology to describe a combination of suggestions, customs, and social behavior of a particular individual or society. The elements of culture include the following: symbols, language, standards, significances, etc

Hence, in the situation, the correct answer is that these slogans are used for the Element of Culture.

In the annual report, a major food chain stated that the distribution of daily sales at its detroit stores is known to be bell-shaped, and that 95 percent of all daily sales fell between $19,200 and $36,400. based on this information, what were the mean sales?

Answers

Answer:

$27,800

Explanation:

When a set of data is bell-shaped, the mean will be in the middle. A 95% confidence level means that $19,200 and $36,400 are located at 2 standard deviations from the mean. If you want to determine the mean, you have to add $19,200 + $36,400 = $55,600 and then divide by 2 = $27,800

economic problem in corona globally ?

Answers

people won’t wear masks

A pregnant client with a history of heart disease asks how she can relieve her occasional heartburn. The nurse teaches her self-care measures. What statement indicates to the nurse that the client understands the teaching?

Answers

Answer:

I don't take sodium-containing antacids.

Explanation:

Excess fluid retention, which increases the workload of the heart, which is an undesirable effect of sodium intake, especially in a person with heart disease. Sleeping 1 hour after eating promotes gastric regurgitation so that inflammation in the heart ends. Fluid intake should be 2 L per day. Three large meals a day can upset the stomach, resulting in heartburn. Preference is given to small meals throughout the day.

Question 3 of 10
A standard is a:

Answers

a level of quality or attainment.

Answer: Level of quality or performance that people accept as normal

Explanation: I took this quiz

What are tic tac like what is good for you

Answers

Answer: Ingredients. Sugar, fructose, maltodextrin, peppermint essential oil, rice starch, gum arabic, filling agent (magnesium salts of fatty acids), glazing agent (carnauba wax).

Explanation:

They are NOT good for u. :(

The element of the marketing mix that describes a good, service, or idea to satisfy consumers' needs is known as socratic

Answers

Answer:

Product.

Explanation:

A Marketing mix can be defined as the choices about product attributes, distribution strategy, communication strategy, and pricing strategy that a business firm or entity offers its targeted markets.

Generally, a marketing mix is made up of the four (4) Ps;

1. Price.

2. Promotions.

3. Place.

4. Product.

The element of the marketing mix that describes a good, service, or idea to satisfy consumers' needs is known as product.

Hence, product typically refers to the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items. Some examples of products are automobile cars, pencils, computers, television, mobile phones etc.

Jill has a property that appraises for $189,000. Her first mortgage rate is 4.75% and her second mortgage rate is 15%. She has decided that she wants to leave her $53,000 first mortgage alone and just refinance the second. She qualifies for an 85% CLTV. Her second mortgage is for $25,000 but she wants cash to finish her basement. She has $81,150 available as cash. What is her new second mortgage loan amount if the closing costs are $1,500 and Jill would like to finance them

Answers

Answer:

The new mortgage loan is $106,150

Explanation:

The computation of the new second mortgage loan is shown below:

But before that determine the maximum loan amount which is

= $189,000 × 85%

= $160,650

Now the second mortgage loan is

= maximum amount - first mortgage - closing cost

= $160,650 - $53,000 - $1,500

= $106,150

Hence, the new mortgage loan is $106,150

When attempting to determine human resource needs, HR managers prepare a(n) _____ providing details of all current employees, which includes their educational level and abilities and helps identify deficits in the workforce.

Answers

Answer: Inventory

Explanation:

The document prepared is known as a Human Resource Inventory ( Inventory for short) and is a very useful tool for analysis to human resource personnel.

In the inventory is contained the details of all current employees, which includes their educational level and abilities, their experience, age, gender, salary, special achievements and even preferred jobs.

From this inventory, certain deductions can be made such as deficits in the workforce.

Where can you take DMV
examinations, and what type of
examination are there?

Answers

I hope this answers helps

A group of underwriters have agreed to engage in a mini-max underwriting for a new issue of equity securities with the issuer of those securities. Which of the following best describes this underwriting agreement?A) A mini-max agreement is a firm underwriting setting a maximum amount the underwriters are willing to purchase from the issuer in the event all shares cannot be sold and a minimum dollar amount of securities the issuer is willing to sell.B) A mini-max agreement is a firm underwriting setting a floor or minimum, which is the least amount the issuer needs to raise in order to move forward with the underwriting, and a ceiling or maximum on the dollar amount of securities the issuer is willing to sell.C) A mini-max agreement is a best-efforts underwriting setting a floor or minimum, which is the least amount the issuer needs to raise in order to move forward with the underwriting, and a ceiling or maximum on the dollar amount of securities the issuer is willing to sell.D) A mini-max agreement is a best-efforts underwriting setting a maximum amount the underwriters are willing to purchase from the issuer in the event all shares cannot be sold and a ceiling or maximum on the dollar amount of securities the issuer is willing to sell.

Answers

Answer:

A) A mini-max agreement is a firm underwriting setting a maximum amount the underwriters are willing to purchase from the issuer in the event all shares cannot be sold and a minimum dollar amount of securities the issuer is willing to sell.

Explanation:

Mini-max agreement is a form of underwriting agreement which happens to be a contract binding between an investment group (probably formed by investment bankers) and corporation that issues new securities.

Which of the following are examples of career clusters? Select all that apply.

Answers

Answer:

(1) Agriculture, Food & Natural Resources

(2) Architecture & Construction

(3) Arts, A/V Technology & Communications

(4) Business, Management & Administration

(5) Education & Training

(6) Finance

(7) Government & Public Administration

(8) Health Science

(9) Hospitality & Tourism

(10) Human Services

(11) Information Technology

(12) Law, Public Safety, Corrections & Security

(13) Manufacturing

(14) Marketing, Sales & Service

(15) Science, Technology, Engineering & Mathematics

(16) Transportation, Distribution & Logistics

Explanation:

Don is a quality control manager at Vittel Glass House. He shouts at his subordinates if they fail to meet his expectations. This has severely affected his relationship with his subordinates. Which of the following is a guideline for effective human relations that Don should follow in order to correct this?A. He should think before acting.B. He should create a win-lose situation in the company.C. He should be genuinely interested in himself.D. He should listen to other managers.

Answers

Answer:

A. He should think before acting.

Explanation:

In this scenario Don shouts at his subordinates if they fail to meet his expectations, severely affecting his relationship with his subordinates.

Don is obviously impulsive in his reaction to situations.

When he takes the time to think and weigh the benefit of shouting on his subordinates, he will realise this is an unproductive strategy.

Rather he should find out why employees did not meet his expectations and formulate ways to.make them more productive

Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees

Answers

Answer:

a) layoff

Explanation:

These are the options for the question

a. Layoff

b. Rightsizing

c. Streamlining

d. Downsizing

Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees

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a die is thrown once find the probability of getting number 3 Find 5 consecutive numbers whose sum is 65. Which were key characteristics of fascism in Italy? Check all that apply. One political party or dictator ruled the state. Multiple political parties governed the state. Citizens were required to be obedient to the state. The government indoctrinated young people. A belief in isolationism dominated politics. The government censored the press. Who did solon's reforms benefit most? Validate your answer with logical conclusions What mass of aluminum has a total nuclear charge of 2.9 c? 2(x^2-7)+8=40 just answer pls A trail map has a scale of 3 inches to 2 miles. On the map, a trail is 5 1/4 inches long.How long is the actual trail?A. 1 and 3/4 milesB. 2 and 5/8 milesC. 3 and 1/2 milesD. 7 and 7/8 miles If multiple measurements are taken and they vary quite a bit from each other, the measurements are After taxes, Alexandra's take home pay is 7 10 of her salary before taxes. Enter and solve an equation to find Alexandra's salary before taxes for the pay period that resulted in $378 of take-home pay. Let s represent your variable. A security guard uses 20 minutes of every hour to walk outside the school, leaving the remaining40 minutes for monitoring inside the school. Write the ratio that represents the time thesecurity guard spends outside to the time spent inside. during the song and tang dynasty why was the silk road closed Can traits of organims be improved? Explain. Why did Chinese rulers promote Confucianism? Select the best answer from the choices below. Which regions of the united states are located east coast? Check all that apply. Draw the Lewis structure for COCl2, including lone pairs.What is the molecular shape of COCl2? The C - Cl bond in COCl2 is polar or nonpolar? What is the Cl - C - Cl bond angle? The molecule COCl2 is polar or nonpolar? Evaluate the expression for y=17y+15= Define structuralism and functionalism and explain their similarities and differences. The symbols "" are called For each selection from the text, use the drop-down menu to identify whether the specific detail is primarily based onadjectives or nouns."The oil was contained in special decorated containers.""The contestants had to run wearing helmets and leg guards.""The contestants ... could hit with their hands in any way they chose.""The Greeks used a very light elder-wood javelin." in geometry, you can use deductive rules to A. find patternsB. define termsC. make conjectures D. prove conjectures