FIGURE 13- 4 the Three Diagrams Below Each Show a Supply

question 38

Multiple Choice

FIGURE 13- 4 The three diagrams below each show a supply curve for oil tankers over a relatively short period of time.

-If the supply curve for a factor is perfectly inelastic,the payments to the factor are

• A)an unnecessary tax on the factor.
• B)wholly economic rent.
• C)neither economic rent nor transfer earnings.
• D)wholly transfer earnings.
• E)partly economic rent and partly transfer earnings.

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Definitions:

Self-control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Stressors in Everyday Life

Events or conditions in one's daily life that trigger stress responses.

Behavior Modification

A systematic approach to changing behavior through the application of the principles of conditioning.

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.