Choose the Correct Option Regarding the Earnings of Economics Majors

question 99

Multiple Choice

Choose the correct option regarding the earnings of economics majors.

• A)A person who majors in economics,completes a Ph.D. ,and gets a job as an economist would expect to earn about $250,000 by mid-career.
• B)Graduates in economics can generally expect to earn more than graduates in sociology or business.
• C)Market research analysts and financial analysts can generally expect to earn more at mid-career than a person with a Ph.D.in economics.
• D)The Web resource payscale.com reports that the pay range for economists is between $25,000 and $250,000.
• E)Economists who work in finance,insurance,and government jobs earn less than other economists on average.

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Definitions:

Insurance Company

A business that provides coverage, in the form of compensation following a loss, in exchange for premium payments.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.

Norman Daniels

A philosopher known for his work in health ethics, particularly his theories on justice, health, and healthcare.

Market Economy

An economic system where supply and demand determine production, distribution, and price levels, largely without government intervention.