An Experienced Applicant with Lower Cognitive Ability May Perform as Well

question 46

True/False

An experienced applicant with lower cognitive ability may perform as well as one with higher cognitive ability.

---

Definitions:

Substitution

The process of replacing one good or service with another, often due to changes in relative prices, quality, or availability.

Marginal Rate

A measure of the change in a variable (often cost, revenue, or profit) as it relates to a unit change in another variable.

Substitution

The economic principle describing how consumers or producers switch between goods or resources as relative prices or availability change.

Quart

A unit of liquid volume equal to two pints, approximately 0.946 liters in the United States.