It Is Sometimes Claimed That Garbage Collectors Are Paid More

question 45

Multiple Choice

It is sometimes claimed that garbage collectors are paid more than elementary school teachers.If this is true, one reason might be

• A)the difference in working conditions
• B)that school teachers are usually women
• C)that the supply of teachers is small
• D)that the demand for teachers is small
• E)that the market does not value teachers

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Definitions:

Stock Split

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of the company remains the same.

Market Value

The market price at which an asset or service can be transacted currently.

Shares Outstanding

The total number of shares of a corporation that have been authorized, issued, and purchased by investors and are held by them.

Debt-Equity Ratio

A metric indicating the balance between shareholders' equity and debt in financing a company's assets.