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A Product Will Be Traded Only If the Cost of Transporting

question 53

True/False

A product will be traded only if the cost of transporting it between nations is less than the pretrade difference between their relative product prices.


Definitions:

Continuous Reinforcement

A method of learning that involves providing a reward after every correct response to ensure the behavior is reinforced.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Discriminative Stimulus

A type of stimulus in the environment that increases the chance of a response due to its association with a reinforcement or punishment.

Operant Response

A behavior that is modified by its consequences, which can lead to changes in future behavioral patterns.

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