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A Wage Increase of $1000 Is More Likely to Improve

Question 14

Multiple Choice

A wage increase of $1000 is more likely to improve the subjective well-being of low-income workers than of middle-income executives. This illustrates the importance of


A) the feel-good, do-good phenomenon.
B) the general adaptation syndrome.
C) the diminishing returns phenomenon.
D) the spillover effect.

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