An Economic Model

question 136

Multiple Choice

An economic model:

• A) exactly explains what happens in the real economy.
• B) discards unnecessary details to clearly demonstrate the central principles of the economic activity.
• C) approximates all facets of what happens in the real economy.
• D) does not make clear assumptions about the economic activity.

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Definitions:

Classical Conditioning

An acquisition method where two stimuli are frequently paired; the response, at first prompted by the second stimulus, is later prompted by the first stimulus in isolation.

Reinforcer

Any stimulus that, when presented after a behavior, increases the likelihood of that behavior occurring again in the future.

Punisher

A person or factor that applies a penalty or negative consequence in response to an action, often used in the context of behavior modification.

Unconditioned Response

in classical conditioning, an unlearned, naturally occurring response (such as salivation) to anunconditioned stimulus (US) (such as food in the mouth).