Malik Originally Feared Great Heights, Such as Standing on Top

question 303

Multiple Choice

Malik originally feared great heights, such as standing on top of tall buildings. Now he has also developed fears of flying in airplanes, standing on ladders, and even watching high-wire artists perform. These new fears are probably the result of __________.

• A) modeling
• B) discrimination
• C) stimulus generalization
• D) response generalization

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Definitions:

Competitive Price

A pricing strategy where the price of a product or service is set based on the prices of competing products or services in the market.

Consumer Surplus

The discrepancy between what buyers are inclined to pay for a service or product and their actual expenditure.

Producer Gains

The profits or positive financial outcomes that producers experience from selling goods or services, often due to pricing or market conditions.

Deadweight Loss

Refers to the loss of economic efficiency when the equilibrium for a good or service is not achieved, leading to a net welfare loss.