Which of the Following Would Not Explain Why Academic Economists

question 166

Multiple Choice

Which of the following would not explain why academic economists earn less than corporate economists?

• A)more freedom in daily schedules
• B)less restrictions on attire
• C)less freedom in choice of research topics
• D)less control over their public statements
• E)None of the answers is correct.

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Definitions:

Trust Account

A bank account in which one party (the trustee) such as an attorney, holds funds belonging to another person (such as a client), a bank account into which funds advanced to a law firm by a client are deposited. Also called an escrow account.

Escrow Account

A financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.

Advanced Funds

Money paid or received before a transaction or event has occurred, often as part of an agreement or to cover initial costs.

Ethical Opinion

An advisory statement issued by a professional organization or governing body that outlines the ethical standards of a particular profession or practice.