If Your Daughter Were to Inform You That She Wanted

question 26

Multiple Choice

If your daughter were to inform you that she wanted to be a bank teller and you were concerned about her ability to pay her bills, what economic theory could you use to convince her to become an engineer instead?

• A) compensating differential
• B) life-cycle wage pattern
• C) winner-take-all
• D) occupational crowding
• E) efficiency wage

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Definitions:

Mississippi River

One of the largest rivers in the United States, flowing southward for 2,340 miles from Minnesota to the Gulf of Mexico, serving as a vital waterway for agricultural and industrial transport.

Joseph Brant

The Mohawk leader who led the Iroquois against the Americans in the Revolutionary War.

Mohawk

A member of the Native American people originally from the Mohawk Valley in upstate New York.

Indian Confederacy

An Indian Confederacy refers to an alliance or union among different Native American tribes for mutual defense, political, or social reasons, historically significant in their relations with European settlers and the U.S. government.