Suppose That an MBA Degree Creates No Externality Because the Benefits

question 132

Multiple Choice

Suppose that an MBA degree creates no externality because the benefits of an MBA are internalized by the student in the form of higher wages. If the government offers subsidies for MBAs, then which of the following statements is correct?

• A)The equilibrium quantity of MBAs will equal the socially optimal quantity of MBAs.
• B)The equilibrium quantity of MBAs will be greater than the socially optimal quantity of MBAs.
• C)The equilibrium quantity of MBAs will be less than the socially optimal quantity of MBAs.
• D)There is not enough information to answer the question.

Differentiate between positive and negative reinforcement, and positive and negative punishment.

Understand the concepts of fixed-ratio, fixed-interval, variable-ratio, and variable-interval schedules of reinforcement.

Comprehend the significance of discriminative stimuli in operant conditioning.

Identify misconceptions about behavior modification techniques and the views of B. F. Skinner.

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Definitions:

Socioemotional Selectivity Theory

A theory suggesting that as people age, they become more selective in their emotional and social relationships due to an awareness of their limited lifespan.

Emotional Experience

The subjective feeling and psychological state associated with emotions, including their intensity and duration.

Mild Tranquilizers

Medications used to treat minor forms of anxiety or to help induce relaxation without causing significant sedation.

Anxiety

A mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.