If a Worker Is Indifferent Between a Job with a Wage

question 240

Multiple Choice

If a worker is indifferent between a job with a wage of $10 per hour and a job with a wage of $12 per hour, then the

• A)higher-paying job has a compensating wage differential of $2 per hour.
• B)higher-paying job has a compensating wage differential of $12 per hour.
• C)higher-paying job is intrinsically more attractive than the lower-paying job.
• D)wage in the higher-paying job must eventually fall due to competition.

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Definitions:

Tokens

Symbols or objects used as representations of value or exchange, often employed in token economies for behavior reinforcement.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, operant conditioning involves an association between behaviors and their consequences.

Reinforcement

In behaviorism, any event that strengthens or increases the likelihood of a behavior.

Fixed-Interval Schedules

A schedule of reinforcement where rewards are provided after a fixed amount of time has passed since the last reinforcement.