According to Two Economists, George Ackerlof and William Dickens, How

question 235

Multiple Choice

According to two economists, George Ackerlof and William Dickens, how can cognitive dissonance affect workers' perceptions of their jobs?

• A)Cognitive dissonance makes workers believe that measures to improve their health and safety in the workplace are ineffective.
• B)Cognitive dissonance causes workers to perceive they are victims of discrimination when, in fact, they are not.
• C)Cognitive dissonance might cause workers to underestimate the true risks of their jobs.
• D)Cognitive dissonance causes a worker to believe his marginal revenue product is greater than it really is.

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Definitions:

Price Taker

An economic term for a market participant that accepts the prevailing prices without influencing them.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Marginal Cost

The cost added by producing one additional unit of a product or service.

Output

The aggregate output of products or services generated by a corporation, sector, or economic system.