The Extent to Which a Job Requires a Worker to Use

question 75

Multiple Choice

The extent to which a job requires a worker to use a wide range of knowledge and abilities is known as

• A)task identity.
• B)task significance.
• C)autonomy.
• D)skill variety.

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Definitions:

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Deadweight Loss

The decrease in economic productivity that happens when a good or service does not reach, or cannot reach, its equilibrium point.

Consumer Surplus

The difference between the maximum amount consumers are willing to pay for a good or service and the actual amount they do pay.

Tax Revenue

The wealth accumulated by governments through the process of taxation.