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Homework Week 4

Homework Week 4

Q Homework- Week 4-ECON 365 Many of these concepts may be new to you as students. The homework will mostly be definitions or short answer to help you understand the topics. Define the following terms: Cognitive dissonance Remuneration Ameliorative Deleterious Jettisoned Explain briefly Block’s stance on minimum wage. Do you agree or disagree with this and why? How do you feel he “argued” against the CK study? Do you agree or disagree with his rebuttal?

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Many of these concepts may be new to you as students. The homework will mostly be definitions or short answer to help you understand the topics. Define the following terms: Cognitive dissonance - the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to behavioral decisions and attitude change. Remuneration - money paid for work or a service. Ameliorative - tending to ameliorate. ameliorating, amelioratory, meliorative. bettering - changing for the better. Deleterious - causing harm or damage.