Rational Choice by an Individual Implies

question 113

Multiple Choice

Rational choice by an individual implies:

• A)the use of a mathematical model when solving a problem.
• B)making decisions aimed at achieving some predetermined goal.
• C)that only monetary costs and benefits are weighed.
• D)that scarcity can be eliminated for that individual.

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Definitions:

Punishment

An unpleasant consequence given to reduce the occurrence of a particular behavior.

Stimulus Response Bond

The connection formed between a specific stimulus and a specific response through conditioning.

Matching Law

A principle in behavioral psychology stating that the proportion of responses directed toward an option matches the proportion of reinforcements obtained from that option.

Contend

To strive in opposition or against difficulties; to compete or argue.