The Returns to Education Are

question 32

Multiple Choice

The returns to education are

• A) lowest in developing nations.
• B) highest in developed nations.
• C) highest in developing nations.
• D) never reflected in the wages of workers.

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Definitions:

Deindividuation

A psychological state in which an individual loses self-awareness and a sense of individuality, often resulting in disinhibited behavior.

Social Facilitation

The improvement in performance observed when an individual performs a task in the presence of others, compared to when they are alone.

Social Loafing

The occurrence in which people put in less effort towards reaching a goal when they are part of a group compared to when they are working solo.

Common Goal

A shared objective or aim among members of a group.