The Assignment of Inputs to Specific Industries by Central Planners

question 6

Multiple Choice

The assignment of inputs to specific industries by central planners is made difficult by

• A)the interdependency among industries.
• B)lack of data for decision making.
• C)the danger of a chain reaction among industries if an error is made at any point.
• D)All of the responses are correct.

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Definitions:

Conditioned Stimulus

An initially neutral signal that, once it has been linked with an unconditioned stimulus, ultimately leads to eliciting a conditioned reaction.

Unconditioned Stimulus

In behavioral psychology, an event that naturally and automatically triggers a response without prior learning.

Extinction

In conditioning, the process through which a previously reinforced behavior is weakened by the absence of reinforcement.

Spontaneous Recovery

The return of a conditioned response that had been previously eliminated, following a period where there was no exposure to the conditioned stimulus.