If the Demand for Computer Scientists Increases Relative to Their

question 127

Multiple Choice

If the demand for computer scientists increases relative to their supply,

• A) the wages of computer scientists will decline.
• B) a computer science major will be more attractive to college students.
• C) the employment of computer scientists will fall.
• D) there will be a surplus of computer scientists.

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Definitions:

Measurement Principles

Guidelines that dictate how the economic activities of a company are captured in its financial statements.

Historical Cost

The original monetary value of an asset, reflecting the purchase or production cost without adjustments for inflation or market value changes.

Current Value

The present worth of an asset or liability, taking into account factors such as market conditions and depreciation.

Financial Statements

Records outlining a corporation's financial health, incorporating details from the balance sheet, income statement, and cash flow statement.