According to the Concept of Effort Justification

question 39

Multiple Choice

According to the concept of effort justification,

• A) enduring chronic hazing should increase one's allegiance to a fraternity.
• B) working too hard for a promotion should lead one to underestimate its attractiveness.
• C) feeling overwhelmed should prompt a person to give up.
• D) receiving tutoring free of charge should increase one's motivation to study.

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Definitions:

Backward-Bending

Refers to the backward-bending supply curve of labor, indicating that beyond a certain wage level, labor supply decreases as income and substitution effects impact workers' willingness to work.

Endowed

Provided or supplied with a particular talent, quality, or asset.

Budget Line

A graphical depiction of all possible combinations of goods that can be purchased with a given budget at specific prices.

Nonlabor Income

Income received that does not come from employment or work, such as dividends, interest on savings, or benefits.