Which of the Following Statements Belongs More Properly in the Field

question 4

Multiple Choice

Which of the following statements belongs more properly in the field of normative economics than positive economics?

• A)An increase in the minimum wage leads to more unemployment.
• B)The price of one Canadian dollar is $0.85 U.S.
• C)When a drought occurs,the price of vegetables tends to rise.
• D)Canadian governments should provide assistance to the auto industry.
• E)Technological change has reduced the cost of cell phone service.

Understand the role of punishment in decreasing undesired behaviors and contrast it with reinforcement.

Recognize the importance of immediate reinforcement in learning and behavior modification.

Understand the function of conditioned reinforcers in establishing and maintaining new behaviors.

Identify effective strategies for reducing undesired behaviors and increasing desired behaviors through operant conditioning techniques.

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Definitions:

Credit Card

A financial tool allowing users to borrow funds for purchases, which must be repaid, often with interest.

Journal Entry

A record of financial transactions in the accounting books, indicating the accounts and amounts debited and credited.

Allowance for Doubtful Accounts

An estimation of the amount of credit sales that are expected to turn into bad debts.

Bad Debts Expense

The cost associated with accounts receivable that a company is unable to collect, considered an expense on the income statement.