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A firm will find it profitable to hire workers up to the point at which their
Cultural Heritability
The concept that the culture in which an individual is raised can influence their behaviors, values, and beliefs in a manner similar to genetic inheritance.
Intelligence Tests
Standardized assessments designed to measure cognitive abilities, including reasoning, problem-solving, and understanding.
Chronological Age
The actual age of a person measured in years from their date of birth.
Mental Age
A measure of an individual's cognitive ability expressed as the age at which an average individual reaches the same ability level.
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