How Have Average Wages of College Graduates Compared to Average

question 11

Multiple Choice

How have average wages of college graduates compared to average wages of high school graduates over the last 30 years?

• A)Relative college wages have held steady over the last 30 years, with college graduates earning about 60 percent more than high school graduates during the entire period.
• B)Relative college wages have held steady over the last 30 years, with college graduates earning about 90 percent more than high school graduates during the entire period.
• C)Relative college wages have increased drastically over the last 30 years, from being 50 percent more than high school wages in 1980 to almost 100 percent more in 2010.
• D)Relative college wages have increased drastically over the last 30 years, from being 20 percent more than high school wages in 1980 to almost 60 percent more in 2010.
• E)Relative college wages have decreased slightly over the last 30 years, from being 40 percent more than high school wages in 1980 to just under 30 percent more in 2010.

Differentiate between virtual and real currencies in terms of government backing and storage mechanisms.

Recognize the concept and implications of digital invoices in business transactions.

Understand the concept of secured transactions in online purchases.

Grasp the implications of defaulting on a financial obligation.

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Definitions:

Normal Cost

The standard expenses incurred during the production of goods or services, including direct labor, materials, and overhead costs.

Crash Cost

The extra expense incurred to reduce the duration of a project, often through the addition of resources or overtime work.

Normal Time

Normal time is a measure of the time required to complete a task or operation under normal working conditions, often used in time and motion studies to set standards and expectations.

Crash Duration

The shortest possible time to complete a task or project phase by allocating maximum resources, often resulting in increased costs.