Sally and Joe recently graduated from college, both majoring in history. Joe took a prestigious job as a legal clerk. Sally took a job as a specialist in fighting forest fires. Both received additional training before entering their jobs. Who will likely earn a higher salary and why?
We can identify two reasons that Sally will likely earn more. First, Joe has a prestigious job, and these are usually less well-compensated because people find these positions desirable. Second, Sally appears to have taken a job that involves a certain amount of risk. Jobs with risk tend to receive higher compensation.
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The U.S. federal government obtains most of its revenues through taxes from three sources. Which of the following is not one of those three main sources of federal revenue?
A) corporate income taxes B) social insurance taxes C) sales and excise taxes D) individual income taxes
Which of the following is most accurate?
a. African Americans were generally hurt economically relative to whites during WW II. b. African American education rates are now about the same as those of whites. c. The poverty rate for African Americans is about 300% larger than the rate for whites. d. The average household income of African Americans is currently about 90% of whites'.