Suppose a Student Is Trying to Decide If They Should

question 12

Essay

Suppose a student is trying to decide if they should become a physician or an accountant.As an accountant,the student would earn $75,000 after four years of education.On the other hand,if the student decides to become a physician,they would need to attend school for 11 years.Each year of school costs $20,000 in both professions.As a physician,the student would earn $100,000.In both cases,the student only has 20 years to work and/or attend school.What should they do?

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Definitions:

Social Partnership

A collaborative relationship between government, employers, and labor unions aimed at addressing economic and social issues in a cooperative rather than confrontational manner.

Union Density Rate

The percentage of workers in a specific area or industry that are members of labor unions.

Voluntarism

The principle or system in which voluntariness is the basis for actions and decisions in an economic or other social system.

Government Policies

Actions or strategies formulated by a government to tackle economic, social, or political issues affecting the country.