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Sam is teaching his dog to sit up and beg. First, he gives his dog a treat for just sitting. Then he makes the dog raise up one paw after it sits before giving it a treat. Finally, he gives the dog a treat only when the dog sits up and raises both paws. What term BEST describes this process?
Economically Efficient
Refers to a situation where resources are allocated in the most effective way, maximizing production while minimizing waste and inefficiency.
Dollar Voting
Dollar voting is the concept where consumers influence market trends and production decisions through the choices they make with their spending.
Competitive Markets
Markets characterized by many buyers and sellers where no single participant has significant influence over market prices.
Median-Voter Model
A theoretical model in political science suggesting that the outcome of a majority-vote election is most likely to represent the preferences of the median voter.
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