How Will an Increase in the Level of Human Capital,ceteris

question 22

Multiple Choice

How will an increase in the level of human capital,ceteris paribus,affect an economy's production possibilities curve?

• A)Shift the curve inward.
• B)Result in a movement from inside the curve to a point on the curve.
• C)Shift the curve outward.
• D)Result in a movement along the curve.

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Definitions:

Classical Conditioning

Classical conditioning is a learning process that occurs when two stimuli are repeatedly paired together; an initially neutral stimulus eventually elicits a response that was initially elicited by another stimulus.

Contrived Extrinsic Rewards

Artificial incentives given to motivate behavior, such as bonuses or points, that do not naturally relate to the task being performed.

Feedback

Information provided about the outcomes of a process or activity, used to adjust or improve future performance or decision-making.

Law of Immediate Reinforcement

A principle suggesting that reinforcement (rewards or punishments) following a behavior makes it more likely that the behavior will occur again in the future.