Suppose Workers Currently Receiving Unemployment Compensation Were Given a Financial

question 32

Multiple Choice

Suppose workers currently receiving unemployment compensation were given a financial reward contingent on finding a job quickly.For example,Washington state at one time provided $562 for workers who became reemployed within 13 weeks.Economic theory suggests that such a "reward" scheme should:

• A)reduce job search duration by shifting the wage offer distribution to the left
• B)reduce job search duration by decreasing the acceptance wage and intensifying job search
• C)reduce job search duration by shifting the wage offer distribution to the right
• D)have no effect on job search duration,as the acceptance wage will decrease to offset the effect of the shifting wage offer distribution

Recognize the role of operant conditioning in shaping behavior.

Distinguish between classical and operant conditioning.

Identify the phenomena of generalization, discrimination, and extinction within the context of conditioning.

Appreciate the historical significance and experimental foundations of classical and operant conditioning theories.

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Definitions:

Domestic Oil Market

The market that deals with the supply, demand, and pricing of oil within a country's borders.

Acquisitions

The act of acquiring control of another company by purchase or exchange of stock.

Greenmail

A situation where a company pays a premium to buy back its own shares from a corporate raider to prevent a hostile takeover.

Outstanding Stock

The total shares of a corporation's stock that have been issued and are in the hands of the public and company officers.