Curly Just Graduated from State U and Has Three Job

question 50

Multiple Choice

Curly just graduated from State U and has three job offers: teaching at a prestigious private high school nine months a year with summers off, working forty hours a week at a bank in a small city, and working more than sixty hours a week for a high-powered investment firm in New York. Suppose all of the jobs paid exactly the same annual salary, and that most people prefer leisure to work, all else equal. If that were the case:

• A)there would be a shortage of teachers at the high school.
• B)there would be a surplus workers at the investment firm.
• C)there would be a surplus of teachers at the high school.
• D)people would naturally sort themselves into the job that best suits their talents.

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Definitions:

Fraud

An intentional deception made for personal gain or to damage another individual.

Lean Business Model

A business strategy focused on creating value for the customer with minimal waste and resources.

Income Statement

A financial statement showing the company's revenues, expenses, and profit or loss over a specific period.

Manufacturer

A business engaged in the transformation of raw materials into finished goods on a large scale for sale.