Multiple Choice
Assuming that rational people are motivated by incentives, what would occur if the average salary of finance majors rises by 30 percent and the average salary of philosophy majors remains constant?
A) Students will shift majors from philosophy to finance.
B) Students will shift majors from finance to philosophy.
C) Students will stop majoring in both finance and philosophy.
D) Students will drop out of college.
Correct Answer:
Verified
Correct Answer:
Verified
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