When Labor Is Relatively Expensive, as It Is in Japan

question 58

Multiple Choice

When labor is relatively expensive, as it is in Japan,

• A)manufacturers will employ lots of labor
• B)the unemployment rate will be high
• C)vending machines displace labor, causing unemployment
• D)businesses will substitute capital -- such as vending machines -- in place of labor
• E)alcohol and cigarettes must be sold through vending machines

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Definitions:

Fraternal Twins

Twins who are born at the same time but are not genetically identical; they developed from two different eggs fertilized by separate sperm cells.

Predictive Validity

The extent to which a score on a scale or test predicts future performance or behaviors.

Aptitude Test

A standardized test designed to measure an individual's potential to perform tasks or learn new skills.

Criterion Behavior

Criterion behavior refers to a specific behavior that serves as a standard or reference for evaluating or assessing performance or conditions.