We Do NOT Use Microeconomic Analysis

question 32

Multiple Choice

We do NOT use microeconomic analysis:

• A)to make personal and managerial decisions.
• B)to evaluate the merits of public policies.
• C)to explain why the U.S.is in a recession.
• D)to understand markets and predict changes.

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Definitions:

Operant Conditioning

is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

A learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit a similar response.

Insight Learning

Insight Learning is a cognitive process in which learning occurs suddenly through understanding the relationships between various parts of a problem rather than by trial and error.

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.