For each of the scenarios in the following table, indicate the most likely reason for the difference in earnings.

A law firm hires Latasha, a recent graduate from law school, and pays her an annual wage of $40,000. It also hires Felix, a second-year law student, and pays him an annual wage of $30,000. Latasha and Felix were born in the same country, attended the same university, and studied in the same graduate program.

three engineers have the same amount of schooling and work experience, but earn different wages. One is a computer engineer who designs and tests new computers for an annual wage of $55,000 per year. Another is a chemical engineer who works in a nuclear lab and performs experiments on radioactive materials for an annual wage of $70,000 per year. The third is a civil engineer who performs daily inspections of cables on a suspension bridge for an annual wage of $93,000 per year

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.

You read the newspaper daily. lately, you have noticed more articles about increased tuition at various public and private colleges and universities. you draw the conclusion that all colleges and universities have increased tuition. which type of reasoning is this