In the Specific­factors Model, an Increase in the Price of

question 43

Multiple Choice

In the specific­factors model, an increase in the price of
Manufactured goods will cause:

• A)an increase in the real rental of capital.
• B)a decrease in the real rental of capital.
• C)no change in the real rental of capital.
• D)a decrease in the nominal wage in the manufacturing sector.

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Definitions:

Judgeability Phenomena

The tendency for observers to make judgments or assumptions about others' traits or characteristics, often based on limited information.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related outcome.

Neuroticism

A personality trait characterized by the tendency toward anxiety, moodiness, worry, and other forms of emotional instability.

Openness

One of the Big Five personality traits, characterized by imagination, creativity, and a willingness to experience new things.