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

question 111

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.
The expected starting salary for economics majors' is _______.

• A)$30,000
• B)$40,000
• C)$45,000
• D)$50,000

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Definitions:

Negative Consequences

Undesirable outcomes resulting from an action or decision, impacting individuals or groups negatively.

Sociology

is the systematic study of human behaviour in social context.

Technology

The application of scientific knowledge for practical purposes, especially in industry and everyday life.

Environmental Racism

The practice of disproportionately exposing communities of color and low-income populations to environmental hazards and pollutants.