Assuming that rational people are motivated by incentives, what would occur if the average salary of education
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Assuming that rational people are motivated by incentives, what would occur if the average salary of education majors falls by 30 percent and the average salary of economics majors rises by 10 percent, ceteris paribus?
a. Some students will shift majors from economics to education.
b. Some students will shift majors from education to economics.
c. Some students will stop majoring in both economics and education.
d. Some students will drop out of college.
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Related Book For 
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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