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:

Authority

The authority to command, decide, and ensure compliance.

Custom

A traditional and widely accepted way of behaving or doing something specific to a particular society, place, or time.

Apparent Authority

The appearance or assumption of authority given to an agent, employee, or representative by the actions or statements of the principal, leading third parties to believe the agent has such authority.

Actual Authority

The express and implied powers given to an agent by a principal, allowing the agent to act on behalf of the principal.