A Decrease in the Price of a Productive Resource Will

question 97

Multiple Choice

A decrease in the price of a productive resource will result in each of the following except a(n)

• A)downward shift in the average-cost curves for all products that use the resource.
• B)rightward shift in the supply of products which use the resource.
• C)rightward shift in the demand curves for all products that use the resource.
• D)increase in the quantity demanded of this productive resource.

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Definitions:

Positive Reinforcement

A learning process in which a behavior is followed by a desirable consequence, strengthening the likelihood that the behavior will be repeated.

Token Economy

A behavior modification system using tokens as reinforcement for desired behaviors, which can be exchanged for rewards.

Performance Criteria

Defined standards used to assess the effectiveness or success of a specific task or activity.

Group-Oriented Contingency

A behavioral strategy that applies reinforcement or punishment to a group as a whole dependent on meeting predefined criteria.