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Sherilyn and Michael are new parents and cannot agree on how much their newborn baby boy knows about his new world. Sherilyn insists that the baby does not recognize anything and that he would not know the difference if he were suddenly transported to a different planet. Michael, however, argues that the baby learned a lot while in utero and now recognizes many features of his world. Identify which parent is more accurate and discuss at least four pieces of evidence to support that parent's view.
Shirking
The behavior of avoiding work or responsibilities, often in a workplace setting, which can lead to inefficiency and diminished productivity.
Complex Economy
An economic system featuring a wide variety of industries, products, and services, often with a high degree of interdependence among them.
Efficiency Wages
A theory that suggests firms pay their employees higher wages than the market equilibrium to increase productivity and efficiency.
Pool of Applicants
The group of candidates from which job positions can be filled.
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