In Economics, the Term Marginal Refers To

question 90

Multiple Choice

In economics, the term marginal refers to:

• A) the change or difference from a current situation.
• B) man-made resources as opposed to natural resources.
• C) the satisfaction a consumer receives from a good.
• D) holding everything else constant in the analysis.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior. Through operant conditioning, an association is made between a behavior and a consequence for that behavior.

Token Economy

A reinforcement strategy in behavior therapy, where desirable behaviors are rewarded with tokens that can be exchanged for privileges or desired items.

Classical Conditioning

An instructional process where repeated association between two stimuli results in the response initially triggered by the second stimulus being provoked by the first stimulus alone.

First-Generation Antipsychotic

A class of antipsychotic medications developed in the mid-20th century, used primarily to treat psychotic disorders like schizophrenia.