Regarding Operant Extinction and Spontaneous Recovery, Which of the Following

question 356

Multiple Choice

Regarding operant extinction and spontaneous recovery, which of the following statements is FALSE?

• A) Just as acquiring an operant response takes time, so does operant extinction.
• B) Even after operant extinction seems complete, the previously reinforced response may return.
• C) If a response is extinguished and comes back, the operant extinction process usually takes longer the second time.
• D) Spontaneous recovery is very adaptive because it is a way of checking to see if the rules have changed.

Assess the effects of currency depreciation and appreciation on trade balances.

Understand the components and significance of the balance of payments accounts.

Examine how currency valuation affects international investment flows and trade balances.

Understand the transition from the U.S. being a creditor nation to becoming a debtor nation and its implications.

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Definitions:

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, evidencing economic benefit.

Costume Jewelry

Jewelry made from inexpensive materials and imitation gems, designed to provide an attractive appearance at a lower cost than jewelry made from precious metals and stones.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay.