The Principal-Agent Problem as It Applies to Labor Employment Refers

question 266

Multiple Choice

The principal-agent problem as it applies to labor employment refers to

• A) employer and workers wanting the firm to survive and thrive.
• B) firms having the profit motive, while workers may be shirking on the job.
• C) employers having a problem finding qualified workers.
• D) workers facing a problem finding employment.

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Definitions:

Classical Conditioning

A process of learning that takes place when there is a connection between an environmental trigger and a stimulus that occurs naturally.

Previously Neutral

Refers to a stimulus that initially elicits no innate response until it is paired with an unconditioned stimulus in the learning process of classical conditioning.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus through conditioning.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.