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:

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life, beyond the control of the sufferer.

Amygdala

A region of the brain involved in experiencing emotions, such as fear and pleasure, playing a key role in how individuals react to various stimuli.

Obsessions

Persistent and intrusive thoughts, impulses, or images that cause significant anxiety or distress.

Consciousness

The state of being awake and aware of one's surroundings and thoughts.