In a Steady State

question 59

Multiple Choice

In a steady state,

• A)both consumption per worker and the capital-labour ratio are constant.
• B)consumption per worker is constant,but the capital-labour ratio can change.
• C)capital and labour,by definition,are inversely related to one another.
• D)consumption per worker can change,but the capital-labour ratio is constant.

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Definitions:

Basking In Reflected Glory

The tendency to enhance one’s image by publicly announcing one’s association with those who are successful.

Robert Cialdini

An American psychologist known for his work on the psychology of persuasion, compliance, and negotiation.

Self-handicapping

A cognitive strategy whereby individuals create obstacles and excuses for themselves to avoid self-blame when they do poorly.

Self-handicapping

A cognitive strategy by which people avoid effort in the hopes of keeping potential failure from hurting self-esteem.