Suppose That the Salary Range for Recent College Graduates with a Bachelor's

question 21

Multiple Choice

Suppose that the salary range for recent college graduates with a bachelor's degree in economics is $30,000 to $50,000,with 25% of jobs offering $30,000 per year,50% offering $40,000 per year and 25% offering $50,000 per year and that in all other respects,the jobs are equally satisfying.Assume that in this market,a job offer remains open for only a short time so that continuing to search requires an applicant to reject any current job offer.
Who will accept an offer of $30,000?

• A)Graduates who have been searching the longest
• B)Graduates who enjoy taking risks
• C)Graduates who are either risk-neutral or risk-averse
• D)Only graduates who are risk-averse

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Definitions:

External Cause

External cause involves factors or events outside an individual that have an impact on their behavior or the outcome of a situation.

Anorexia Nervosa

A serious mental health condition characterized by an eating disorder with an intense fear of gaining weight and a distorted body image.

Hospitalization

The process of admitting a person to a hospital for medical treatment, observation, or care.

Severe Consequences

Significant negative outcomes resulting from specific actions or inactions.