Related to the Economics in Practice on Page 4: According

question 16

Multiple Choice

Related to the Economics in Practice on page 4: According to the Economics in Practice, in terms of wages and job availability, those students graduating during a recession with a degree in economics are ________ those graduating with a degree in sociology.

• A) better off than
• B) worse off than
• C) affected equally to
• D) There seems to be no correlation between a student's major and wages or employment during a recession.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a market.

Bond Prices

The amount of money that buyers are willing to pay for bonds, which inversely correlates with the direction of interest rates.

Par Value

A nominal value assigned to a security or stock as stated in the corporate charter, which bears no relation to market value.

Market Return

The total return on an investment, including dividends and capital gains, as measured over a specified period in the overall market.