Compared to Those Who Do Not Attend University, Emerging Adults

question 202

Multiple Choice

Compared to those who do not attend university, emerging adults who obtain tertiary education tend to have considerably ____.

• A) higher earnings, occupational status and career attainment over the long run
• B) mediocre job success, a greater sense of identity and higher sense of self-worth
• C) milder temperament, more secure attachments and happier long-lasting marriages
• D) higher earnings, more mellow temperaments and a greater sense of identity

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Definitions:

Income Distribution

The way in which total income is shared among the population or different groups within the society.

Equilibrium Value

The price and quantity at which the supply and demand for a good or service balance each other out.

VMPL Curve

The VMPL curve, or the Value of Marginal Product of Labor curve, represents the additional value created by employing one more unit of labor, holding other inputs constant.

Market Wage Rate

The prevailing rate of pay for a specific job in the competitive labor market, determined by supply and demand for labor.