Suppose That Being an Accountant and a Musician Require Similar

question 148

Multiple Choice

Suppose that being an accountant and a musician require similar amounts of skills, education, training, and so forth. If accountants are paid higher wages than musicians:

• A) the supply of musicians would increase and the supply of accountants would decrease.
• B) the supply of musicians would decrease and the supply of accountants would increase.
• C) the supply of both musicians and accountants would increase.
• D) the supply of both musicians and accountants would decrease.

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Definitions:

Promisee's Death

In contract law, refers to the situation where the individual to whom a promise was made dies, impacting the enforcement or terms of the contract.

Policy

A principle or rule adopted or proposed by an organization or government to guide decisions and achieve rational outcomes.

Rights

Entitlements or permissions granted to individuals or organizations by legal systems, social conventions, or moral principles.

Public Policy

Government policies designed to address issues of public interest and welfare.