Ryan must decide whether or not to go to law school. He knows that he can earn $50,000 per year with his bachelor's degree, but he expects to earn a minimum of $58,000 per year with the law degree. An economist would advise him to
A) take the job that just requires the bachelor's degree.
B) go to law school, but only if he can finish within 3 years.
C) go to law school.
D) consider costs, revenues, and any nonmonetary job considerations he might have also.
Correct Answer:
Verified
Q20: In a market economy, persons undertaking an
Q26: Which of the following encourages people to
Q29: In a world of perfect knowledge and
Q31: Entrepreneurship is characterized by
A) the ability to
Q33: Economic profit that stems from entrepreneurship reflects
A)
Q35: Economic profit provides an incentive for persons
Q37: Most of the income of Americans comes
Q43: Physical and human capital investments are
A) different
Q48: For the past several decades, the percentage
Q71: Which one of the following economists is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents