According to the Product Exhaustion Theorem, When All the Factors

question 5

Multiple Choice

According to the product exhaustion theorem, when all the factors of production are paid the value of what they produce, then at the long-run equilibrium of a perfectly competitive economy, the sum of their shares of the value of the socially produced pie must equal

• A) 100
• B) 1/3
• C) 1

Recognize historical and cohort effects on personality traits.

Understand the critique and limitations of the big five personality model.

Learn about the process of modifying personality trait categories based on research findings.

Grasp the methods used in personality psychology to study causes of personality differences.