Suppose That a College Student Receives an Offer for a Summer

question 27

Multiple Choice

Suppose that a college student receives an offer for a summer internship with a stock brokerage firm. Unfortunately for the student, the internship is unpaid. Is it ever economically beneficial to accept an unpaid job?

• A)Yes, because the experience gained during the internship would increase the student's human capital.
• B)No, because the opportunity cost is too high.
• C)No, because the student is signaling to future employers that he or she is willing to accept low wages.
• D)Yes, because accepting an unpaid job signals to future employers that the student has stable personal finances.

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Definitions:

Piaget's Stage Theory

Piaget's Stage Theory proposes that children progress through four stages of cognitive development, each characterized by different capabilities and ways of processing information: sensorimotor, preoperational, concrete operational, and formal operational stages.

Sociocultural Approach

A theoretical perspective that examines the ways in which social and cultural environments influence human behavior and cognitive processes.

Stages of Development

The distinct phases in human growth through which individuals typically progress, each characterized by specific developmental milestones.

Qualitative

Pertaining to or concerning the qualities, characteristics, or descriptions of something, rather than its quantity or measurement.