The Law of Increasing Relative Costs, Depicted by the Concavity

question 102

Multiple Choice

The law of increasing relative costs, depicted by the concavity of the production opportunities frontier, is most closely related to the

• A)downward slope of the demand curve.
• B)upward slope of the demand curve.
• C)downward slope of the supply curve.
• D)upward slope of the supply curve.

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Definitions:

Tolman's Model

A cognitive theory of learning that emphasizes the role of mental processes and latent learning, proposing that organisms create cognitive maps of their environment.

Hull's Model

A theory proposed by Clark Hull that describes behavior as the outcome of internal drives, environmental stimuli, and reinforcement.

Reward

A positive consequence or incentive that increases the likelihood of a behavior being repeated.

Drive Reduction

A theory in psychology suggesting that behaviors are motivated by the desire to reduce internal drives such as hunger or thirst.