All Else Equal, Relative to a Person Who Earns Minimum

question 98

Multiple Choice

All else equal, relative to a person who earns minimum wage, a person who earns $30 per hour has:

• A)a higher opportunity cost of working an additional hour.
• B)a higher opportunity cost of taking the day off work.
• C)a lower opportunity cost of driving farther to work.
• D)the same opportunity cost of spending time on leisure activities.

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Definitions:

Classical Fear Conditioning

A form of classical conditioning where a neutral stimulus is paired with an aversive stimulus to elicit a fear response.

Mowrer's Two-process Theory

A psychological theory proposing that avoidance learning is a combination of classical conditioning and operant conditioning.

Operant Avoidance Learning

A learning process in which the subject acquires a behavior to prevent or avoid an unpleasant stimulus.

Discriminative Stimulus

A stimulus in the environment that signals the availability of reinforcement or punishment, guiding behavior accordingly.