Learning to Balance and Ride a Bicycle Prior to Learning

question 536

Multiple Choice

Learning to balance and ride a bicycle prior to learning to ride a motorcycle is an example of

• A) vicarious learning.
• B) latent learning.
• C) positive transfer.
• D) cognitive restructuring.

---

Definitions:

Inelastic

A characteristic of goods whose demand or supply is not significantly affected by changes in price.

Nondiscriminating Monopolist

A monopolist who charges the same price for all units of output sold, not engaging in price discrimination between different consumers.

Elastic

Describes a situation where the quantity demanded or supplied of a good or service changes significantly when its price changes.

Imperfectly Competitive Market

A market structure where the assumptions of perfect competition, such as identical products and many buyers and sellers, are not fully met.