The Economic Way of Thinking Includes

question 19

Multiple Choice

The economic way of thinking includes:

• A) more attention paid to benefits rather than the costs involved in any choice.
• B) the assumption that individuals choose to average out some objective.
• C) emphasis on how choices are made at the margin.
• D) the notion that the industrialized nations have solved the problem of scarcity.

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Definitions:

Aversion Therapy

A psychological treatment method where undesirable behaviors are discouraged by associating them with unpleasant stimuli.

Contingency Management

A behavioral therapy technique that reinforces positive behavior with rewards or discourages negative behavior with penalties.

Operant Conditioning

Operant conditioning is a type of learning where behavior is controlled by consequences, including reinforcement and punishment.

Classical Conditioning

A form of learning in which one stimulus is paired with another so that the organism learns a relationship between the stimuli.