A Model Is Based on an Assumption That an Additional

question 66

Multiple Choice

A model is based on an assumption that an additional year of education increases a student's future wage by 20 percent.
-Refer to the scenario above.Which of the followings statements is true of the model?

• A) The predictions of this model can be verified empirically.
• B) The predictions of this model can only be applied for a limited number of years of additional education.
• C) According to the model, 2 additional years of education will increase an individual's future wages 1.20 times.
• D) According to the model, 2 additional years of education will increase an individual's future wages 2.98 times.

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Definitions:

Insight

Insight involves the ability to understand the inner nature of things or a clear, deep understanding of a complicated problem or situation.

Latent Learning

A form of learning that occurs without any obvious reinforcement or rewards, becoming apparent only when there is an incentive to demonstrate it.

Previous History

A record or background of past events or situations, especially as relevant to a particular subject or individual.

Cognitive Learning Theories

A group of theories in psychology that explain how people process information, learn, and remember through understanding, thinking, and reasoning.