Examlex
A minor may ratify a voidable contract only after attaining majority. Explain.
Punishment
A method used to reduce the occurrence of an undesirable behavior by applying an adverse stimulus or removing a positive stimulus.
Long Run
A period of time sufficient for all variables within an economic model or business scenario to be adjusted, not confined by fixed constraints.
Effective
Being successful in producing a desired or intended result.
Positive Reinforcer
A stimulus which, when presented after a specific behavior, increases the likelihood of that behavior occurring in the future, often seen as beneficial or rewarding.
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