The Notion That $1 in the Future Is Not the Equivalent

question 16

Multiple Choice

The notion that $1 in the future is not the equivalent of $1 today is referred to as ____________________

• A)The rate of return
• B)An opportunity cost
• C)The intrinsic value
• D)The time value of money

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Definitions:

Positive Reinforcer

A stimulus which, when presented after a behavior, increases the probability of that behavior being repeated.

Laughing

The action of making spontaneous sounds and movements of the face and body that are the instinctive expressions of lively amusement and sometimes also of contempt or derision.

Cussing

The act of using swear words or profanity in speech or writing, often used to express strong emotions or for emphasis.

Shaping

A method in behaviorism used to train or teach new behaviors by successively rewarding closer approximations to the desired behavior.