Determine whether each statement is TRUE/FALSE or UNCERTAIN
Theoretical models of On-the-Job Training (OJT) predict that after participating in a training event (whether it be “general” or “specific” training), the worker’s net wage will increase relative to the pre- training wage and will be equal to the worker’s value of marginal product or labour.
ANSWER-
"Theoretical models of On-the-Job Training (OJT) predict that after participating in a training event (whether it be “general” or “specific” training), the worker’s net wage will increase relative to the pre- training wage and will be equal to the worker’s value of marginal product or labour." This statement given is UNCERTAIN because-
After training the wage of a person may or may not increase. It will depend on worker to worker. If after training productivity increases the wage may increase but if productivity does not increases the wage may not rise.
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