Examlex
The spot price on cocoa is $3,840 a ton. The futures price is $3,450 a ton. The basis is ________ and the market is a(n) ________ market.
Self-Reinforcement
A cognitive process by which individuals reward or punish themselves for meeting or failing to meet their own standards or goals.
Behavior Modification
The use of reinforcement techniques to change or improve an individual's actions and responses.
Social Learning Theory
A theory that suggests people learn from observing others, incorporating the observed behaviors into their own repertoire based on seen outcomes.
Extinction
In psychology, it refers to the gradual weakening and disappearance of a conditioned response; in biology, it signifies the permanent end of an organism or species.
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