A Freely Functioning Market

question 43

Multiple Choice

A freely functioning market

• A) will always be efficient.
• B) will fairly reward talent and punish the lazy.
• C) cannot be made more efficient with government intervention.
• D) maximizes freedom of choice.

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Definitions:

Higher-order Conditioning

A form of learning in which a stimulus is first made meaningful or significant through classical conditioning and then that stimulus is used as a base for learning about additional stimuli.

Sensitization

An increased reaction to a stimulus following repeated exposure to it, often leading to heightened responsiveness to other stimuli.

Higher-order Conditioning

A form of conditioning in which a stimulus that was previously neutral is paired with a conditioned stimulus to produce the same conditioned response.

Habituation

The process by which an individual becomes accustomed to a stimulus through repeated exposure, leading to a decrease in response.