Arbitrage Refers to the Act of

question 204

Multiple Choice

Arbitrage refers to the act of

• A)resolving a dispute in front of an arbitrator instead of a court of law.
• B)buying a product in one market at a low price and reselling in another market at a higher price.
• C)trading in the foreign exchange market.
• D)suing a producer for illegal business practices.

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Definitions:

Skinner Box

An experimental apparatus used by B.F. Skinner in the study of animal behavior, allowing systematic study of behavioral conditioning.

Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior being repeated.

Cumulative Recorder

A device used in behavioral psychology to visually represent the rate of responses over time in a graph form.

Shaping

A method of teaching or behavior modification that involves reinforcing successive approximations toward a desired behavior.