When a Factor's Price Increases in Job a Relative to Job

question 17

Multiple Choice

When a factor's price increases in job A relative to job B, then, ceteris paribus, the

• A) non- monetary advantages of job A will increase.
• B) net advantage of job A will increase relative to job B.
• C) non- monetary advantages of job B will decrease.
• D) monetary advantage of job A will increase, but not its net advantage.
• E) net advantage of job B will increase relative to job A.

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Definitions:

Traumatic Experience

An event that is emotionally painful, distressful, or shocking, which can result in lasting mental and physical effects.

Flashbulb Memory

Highly detailed, exceptionally vivid memories of a significant event, which seem to be recorded in the mind as though with the flash of a camera.

High School Graduation

The completion of the educational curriculum required by a high school, culminating in the receipt of a diploma.

Memory Consolidation

The process by which short-term memories are transformed into long-term memories, stabilizing and storing information over time.