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

question 67

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.
If this scenario describes job searches in general,the segment of the population that is most risk-averse will tend to earn

• A)average salaries.
• B)below-average salaries.
• C)above-average salaries.
• D)stable salaries.

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Definitions:

Water Table

The level below the Earth's surface at which the ground is saturated with water.

Artesian

Groundwater that is in a confined aquifer and is under enough water pressure to rise above the level of the aquifer.

Water Table

The water table is the upper level of an underground surface in which the soil or rocks are permanently saturated with water, delineating the boundary between the aquifer's unsaturated zone and saturated zone.

Topography

The arrangement of the natural and artificial physical features of an area, including its relief and the position of its features.