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:

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning techniques.

Drug Addiction

A chronic disease characterized by compulsive, or uncontrollable, drug seeking and use despite harmful consequences and changes in the brain.

Overgeneralization

The cognitive process in which a rule or pattern is applied too broadly, beyond its appropriate use.

Rational Emotive Behavior Therapy

Rational Emotive Behavior Therapy is a type of psychotherapy that helps individuals identify self-defeating thoughts and feelings, challenge the rationality of those feelings, and replace them with healthier, more productive beliefs.