Any Event or Situation That Evokes a Response Is a

question 16

Multiple Choice

Any event or situation that evokes a response is a

• A) positive reinforcer.
• B) cognitive map.
• C) stimulus.
• D) model.

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Definitions:

Excise Tax

A tax on specific goods or services, such as tobacco, alcohol, and gasoline, designed to raise revenue and/or discourage consumption of certain products.

Equilibrium

A state in which the conflicting forces of demand and supply are in balance. When a market is in equilibrium, the decisions of consumers and producers are brought into harmony with one another, and the quantity demanded will equal the quantity supplied.

Revenue

Aggregate income a company secures from its sales of products or rendering of services in a given period.

Excise Tax

A tax imposed on specific goods, services, or activities to raise revenue or discourage their use.