Some People Drop Out of the Labor Force During Times

question 45

Multiple Choice

Some people drop out of the labor force during times of recession:

• A) to go back to college, because the opportunity cost is lower during a recession.
• B) because they cannot find work and give up trying.
• C) and decide to take early retirement.
• D) All of these are true.

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Definitions:

Conservation

The knowledge that quantity is unrelated to the arrangement and physical appearance of objects.

Centration

A cognitive limitation in early childhood, where focus is placed on one salient aspect of a situation, neglecting other relevant aspects.

Assimilation

The process by which individuals incorporate new information into existing schemas or frameworks of understanding.

Concrete Operational Stage

A stage in Piaget's theory of cognitive development, where children aged about 7 to 12 years can think logically about concrete events.