The Baseline of a Behavior Is the

question 117

Multiple Choice

The baseline of a behavior is the

• A) normal frequency of that behavior following an intervention.
• B) enhanced frequency of that behavior following an intervention.
• C) normal frequency of that behavior prior to an intervention.
• D) suppressed frequency of that behavior prior to an intervention.

Apply concepts of surplus to evaluate changes in market conditions.

Understand the concept of consumer surplus and how to calculate it.

Comprehend the relationship between market price, consumer willingness to pay, and consumer surplus.

Interpret graphical representations of market demand and consumer surplus.

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Definitions:

Poor Countries

Nations with low levels of economic activity, low per capita income, and generally low standards of living.

Catch-Up Effect

The property whereby countries that start off poor tend to grow more rapidly than countries that start off rich

Economic Growth Rates

The percentage increase in the market value of the goods and services produced by an economy over time, typically measured on an annual basis.

Saving Rate

The proportion of disposable income that is saved rather than spent on consumption of goods and services.