When Workers Are Able to Augment Their Stock of Human

question 181

Multiple Choice

When workers are able to augment their stock of human capital, they can expect to:

• A)decrease the value of their marginal product of labour
• B)increase the final product price
• C)receive higher wages that reflect an increase in the value of their marginal product
• D)increase their value of marginal product, but this is unlikely to lead to higher wages

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Definitions:

Zeigarnik Effect

The psychological phenomenon where uncompleted or interrupted tasks are remembered better than completed ones.

Intrusive Thoughts

Unwanted thoughts, images, or urges that repeatedly enter a person’s mind, often causing significant anxiety or discomfort.

Delay Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward, often associated with better long-term outcomes.

Panic Button Effect

The phenomenon where access to a means of getting help in emergency situations (such as a panic button) can notably reduce anxiety and fear.