Of the Following, Who Would Probably Have the Highest Income

question 13

Multiple Choice

Of the following, who would probably have the highest income?

• A)a couple, both of whom have high school educations and work at WalMart
• B)a husband who has a high school degree and a middle-management job and his wife, who is a full-time mother
• C)a couple, both of whom have high school educations; he is a high school teacher and she is a librarian
• D)a husband who has a college degree and is a high school teacher and his wife, who has an MBA and works as a insurance company executive
• E)a couple, both of whom have college degrees and are high school teachers

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Definitions:

Unit Of Account

A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Durable

Refers to goods that are designed to last and not wear out quickly, often used in contrast to consumable goods.

Price Information

Data or details about the cost of goods or services, which helps consumers and businesses make purchasing decisions.