Mpho Is Comparing Two Jobs

question 182

Multiple Choice

Mpho is comparing two jobs.One pays R370 000 per year, but will be very stressful.The other pays R260 000, but will be less stressful.According to research presented in your text on Money matters, Mpho will ____.

• A)unambiguously prefer the R370 000 job
• B)unambiguously prefer the R260 000 job
• C)decide to take the R370 000 job even though he recognises the R260 000 job would probably make him happier
• D)decide to take the R260 000 job even though he recognises the R370 000 job would probably make him happier

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Definitions:

Stabilize Economy

Efforts or policies aimed at maintaining economic balance by preventing extreme fluctuations in overall economic activity.

Reagan Tax Cut

Refers to the economic policies implemented during Ronald Reagan's presidency, predominantly significant reductions in income tax rates.

Aggregate Supply

The aggregate amount of products and services that companies within an economy intend to sell over a designated timeframe.

Aggregate Demand

The complete requirement for every product and service within an economy, at a specific aggregate price level over a particular time frame.