On the Basis of Knowledge Obtained in His Economics Class

question 39

Multiple Choice

On the basis of knowledge obtained in his economics class, Ferris is likely to conclude that:

• A)if the motel job also requires an ability to do general plumbing repairs, the wage offer will be low
• B)wages are unlikely to be affected by job requirements
• C)if the food distribution job has a requirement for special training or certification, this would tend to increase the wage offer
• D)since the food distribution job would expose him to the Ebola virus, the wage is likely to be low

---

Definitions:

Ledger

A book or other collection of financial accounts of a particular type, where transactions are recorded.

Normal Balances

The side (debit or credit) of an account that is increased, reflecting the account's natural balance.

Normal Debit Balance

In accounting, refers to the side of an account that is typically increased with a debit entry, such as assets, expenses, and losses.

Revenues

The total amount of money received by a company from its business activities, before any deductions are made.