The Prediction That Workers Get Additional Training Only When the Rewards

question 83

Multiple Choice

The prediction that workers get additional training only when the rewards from the training are expected to exceed the costs of the training (including the opportunity costs) is based on the:

• A)principle of comparative advantage.
• B)principle of diminishing returns to capital.
• C)scarcity principle.
• D)cost-benefit principle.

---

Definitions:

POA Indicators

Present on Admission (POA) indicators are used in healthcare to mark whether a condition was present at the time of a patient’s admission to the hospital, crucial for billing and quality reporting.

Claim Forms

Claim Forms are documents used in the healthcare industry by patients or providers to request payment or reimbursement from health insurance companies for services rendered.

Long Run

A period wherein all factors of production and costs are variable, allowing firms to adjust all inputs to reach a desired output level.

Short Run

The short run in economics is a period during which at least one factor of production is fixed, limiting the ability of businesses to adjust to market changes fully.