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You want to teach your hamster to turn in circles when you present his favorite food,peanut butter.You begin by giving him a small taste when he makes a half circle,then another taste of peanut butter when he makes a three-quarter's circle,and then another taste when he completes the circle.You continue to reward your hamster every time he approximates your behavioral goal.This strategy is known as ____.
Deadweight Loss
The loss of economic efficiency when the equilibrium for a good or a service is not achieved or is not achievable.
Rent Control
A government policy or law that sets a maximum price landlords can charge for rent.
Opportunity Costs
The cost of the next best alternative foregone when making a decision.
Wasted Time
Time that is not used effectively or productively.
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