The ________ the Value of Marginal Product of Skill,the ________

question 124

Multiple Choice

The ________ the value of marginal product of skill,the ________.

• A) smaller; larger is the wage differential between low-skilled workers and high-skilled workers
• B) larger; more elastic the supply curve of labor
• C) larger; larger is the wage differential between low-skilled workers and high-skilled workers
• D) smaller; less elastic the supply curve of labor
• E) smaller; larger is the cost of acquiring the skill

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Definitions:

Response

A reaction to something, which may be verbal, non-verbal, or through actions, often as a direct result of a stimulus or situation.

Conditioned Response

A learned response to a previously neutral stimulus after repeated pairing with an unconditioned stimulus.

Unconditioned Response

The response normally produced by the conditioned response (e.g., salivation being produced by food).

External Locus

A belief system where individuals perceive their outcomes and experiences as being controlled by external forces or fate rather than their own actions.