Special Interest Group Z Receives a 1/200^th Slice of the Economic

question 31

Multiple Choice

Special interest group Z receives a 1/200^th slice of the economic pie. Its net benefit from both an economic growth policy and a transfer policy is $30,000. How much does the size of the economic pie (Real GDP) need to grow before group Z is indifferent between the two policies?

• A) $150
• B) $600,000
• C) $600,000,000
• D) $6,000,000
• E) none of the above

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Definitions:

Strengthen Behaviour

The process of increasing the likelihood that a behavior will be repeated through reinforcement or reward.

Learning Theorists

Scholars and psychologists who study and develop theories about how people acquire knowledge, skills, attitudes, and behaviors.

Learning Process

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