Any Consequence That Follows a Behavior and Makes a Person

question 38

Multiple Choice

Any consequence that follows a behavior and makes a person likely to repeat that behavior is called a(n) "_____.

• A) punishment"
• B) condition
• C) reinforcement
• D) observation

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Definitions:

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices within a given period.

Economic Profit

The profit a firm makes after subtracting both its explicit (direct) and implicit (indirect or opportunity) costs from its total revenues.

Short-Run Data

Information or statistics collected over a brief period, often used to make immediate decisions or analyze short-term economic trends.

Industry Demand

The total demand for the products or services offered by a particular industry, reflecting the combined demand of all consumers in the market.