According to Two Economists, George Ackerlof and William Dickens, How

question 235

Multiple Choice

According to two economists, George Ackerlof and William Dickens, how can cognitive dissonance affect workers' perceptions of their jobs?

• A)Cognitive dissonance makes workers believe that measures to improve their health and safety in the workplace are ineffective.
• B)Cognitive dissonance causes workers to perceive they are victims of discrimination when, in fact, they are not.
• C)Cognitive dissonance might cause workers to underestimate the true risks of their jobs.
• D)Cognitive dissonance causes a worker to believe his marginal revenue product is greater than it really is.

---

Definitions:

Par Value

The face value of a bond or stock, as stated by its issuer, which is the nominal value and does not necessarily reflect its market value.

Conversion Value

The value of a convertible security if it is converted into a specified number of shares of the issuing company.

Common Stock

Equity ownership in a corporation, with voting rights and the potential for dividends and capital appreciation.