Answer:
As your level of education increases, your income potential also increases.
Explanation:
As per the graph, the highest earners are holders of a doctoral degree, professional degrees, and master degrees. These are highly educated individuals.
At the bottom end, the lowest earners are those with high school diplomas and below.
The graphs clearly illustrate that acquiring a high level of education increases the probability of increased earning.
<span>The opportunity cost of reading is watching TV.
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Opportunity cost alludes to an advantage that a person could have gotten, yet offered up, to make another course of move. Expressed in an unexpected way, an opportunity cost that shows an alternative given up when a choice is made. This cost is, accordingly, most significant for two totally unrelated occasions.
The rich made sure only they could get education and all the right tools, etc. So the poor were left out of the advantages that rich people kept hoarding. So the poor were rarely able to catch up.
Jerry is going to be at risk for paying the entire amount of $500 because he did not report the card stolen right away. However, in most cases, according to federal law you have 60 days to report a card lost or stolen. Credit card company’s are able to make their own decision on whether or not they wish to follow federal law in this type of situation.
