If Two Accountants Have Had the Same Education, Amount of Experience

question 57

Multiple Choice

If two accountants have had the same education, amount of experience, and work at the same type of job for the same profit-maximizing firm, which charges its clients a uniform hourly fee,

• A)they should earn the same amount of money
• B)the one whose job is riskier should be paid more
• C)the one whose job is riskier should be paid less
• D)the one who has a higher marginal product (due to ability)should be paid more
• E)the one who has a higher marginal product (due to ability)should be paid less

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Definitions:

Foraging Societies

are communities that rely on hunting, fishing, and gathering wild plants and animals for their food, instead of practicing agriculture or animal husbandry.

Gender Differentiation

The process and practices that lead to the assignment of roles, behaviors, and attributes to individuals based on their perceived sex.

Nomadic

Describes a way of life characterized by moving from place to place rather than settling permanently in one location.

Gesellschaft Societies

Societies characterized by impersonal, distant, and limited social relationships, often found in modern urban settings, in contrast to close-knit communities.