Which of the Following Statements Is True

question 90

Multiple Choice

Which of the following statements is true?

• A)The money price is usually the same as the time price for most consumers.
• B)The money price of a good is always greater than the time price.
• C)The money price is always greater for high-wage earners than for low-wage earners.
• D)The time price is usually less for low-wage earners than for high-wage earners.
• E)The time price of a good is directly proportional to the money price.

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Definitions:

Self-Efficacy

A person's confidence in their ability to carry out actions required to achieve certain performance goals.

Outcome Expectations

The beliefs that carrying out a specific behavior will lead to valued outcomes.

Operant Conditioning

An educational method where the intensity of an action is altered through rewards or penalties.

Positive Punishment

A method of behavior modification that involves the addition of an aversive stimulus in order to decrease a certain behavior.