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How Does the Principle of Rational Choice Also Underlie the Law

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How does the principle of rational choice also underlie the law of supply (as it applies to the supply of labor)?


Definitions:

Respondent Behavior

Automatic responses triggered by specific stimuli without conscious decision, such as reflexes.

Biological Need

A biological need is a physiological requirement that organisms must meet to maintain health, such as food, water, and shelter.

Secondary Reinforcement

A process in which a neutral stimulus becomes reinforcing through its association with a primary reinforcer.

Fixed-ratio Scheduling

A type of reinforcement schedule in behaviorism where a response is reinforced only after a specified number of responses.

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