You Graduated from College Two Years Ago and Began Working

question 84

Multiple Choice

You graduated from college two years ago and began working at Hampstead Electronics. You have received good performance evaluations and a raise. You just found out that a recent college graduate with no experience has been hired at a higher salary than you are now making.
-Which of the following will you probably use to evaluate this situation?

• A) equity
• B) expectancy
• C) goal setting
• D) reinforcement
• E) self-enhancement

Comprehend the relationship between GDP growth, population increase, and the standard of living.

Recognize the role and importance of productivity in influencing a nation's standard of living.

Know the average growth rate of real GDP per capita in specific historical periods of the United States.

Understand the effects of research and development on the quality and quantity of labor and capital goods.

---

Definitions:

Economists

professionals who study the production, distribution, and consumption of goods and services, and analyze economic issues and trends.

Mortgage-backed Security

A type of asset-backed security that is secured by a collection of mortgages, allowing investors to gain exposure to the home loans market without directly lending to borrowers.

Federal Reserve

The central banking system of the United States, responsible for implementing the country’s monetary policy and regulating its financial institutions.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable changing while holding others fixed.