It Is Most Important to Choose a Program of Study

question 37

Multiple Choice

It is most important to choose a program of study that

• A) you enjoy.
• B) will lead to a high-paying job.
• C) will require you to attend graduate school.
• D) you have significant experience in.

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Definitions:

Diminishing Slope

usually refers to the principle of diminishing returns in economics, where the rate of return or yield decreases as more input is added.

Per-Worker Production Function

A graph that shows the relationship between the amount of input per worker and the output per worker.

Capital Deepening

The increase in the amount of capital per worker, leading to higher productivity and possibly higher wages.

U.S. GDP Per Capita

A measure that divides the Gross Domestic Product of the United States by its total population, indicating the average economic output per person.