Since people respond to incentives, we would expect that, if the average salary of accountants increases by 50% while the average salary of teachers increases by 20%, then
A)fewer students will take degree courses in accounting and more will take education courses.
B)fewer students will take degree courses in education and more will take accounting courses.
C)fewer students will attend university.
D)None of these answers.

Question

Quizplus · Accepted Answer

People are likely to choose careers that offer higher salaries. Therefore, if the average salary for accountants increases by 50%, it is expected that more students will take accounting courses. Similarly, if the average salary for teachers only increases by 20%, it is expected that fewer students will take education courses. Therefore, the best choice is B.

Since People Respond to Incentives, We Would Expect That, If