If Businesses Found That Changing Economic Conditions Made It Attractive

question 48

Multiple Choice

If businesses found that changing economic conditions made it attractive for them to hire a larger number of economics majors, we would expect

• A) economics majors to receive a greater return on their human capital investment.
• B) a decrease in the employment opportunities for economics majors.
• C) lower wages for economics majors.
• D) fewer students to major in economics.

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Definitions:

Deviance

Involves actions or behaviors that violate societal norms and expectations, leading to social judgment.

Legal Reality Theory

A perspective in legal and criminal studies that focuses on the social context and implications of law, emphasizing how law is applied in real-world situations.

Law In Action

The practical application and enforcement of laws in real-world scenarios, as opposed to theoretical or written statutes.

Legal Authorities

Entities or individuals granted the power to make, interpret, and enforce laws and regulations within a given jurisdiction.