Which of the Following Is True

question 169

Multiple Choice

Which of the following is true?

• A) Healthcare in Canada and most of the European countries is a socialized industry.
• B) Socialization of the healthcare industry eliminates the problem of scarcity in the healthcare industry.
• C) The high-income countries of Europe are able to provide as much healthcare, free of charge, as their citizens want.
• D) All of the above are true.

Distinguish between primary and secondary reinforcers and their roles in behavior modification.

Understand how operant conditioning applies to everyday organizational behaviors and management strategies.

Understand the concept and application of reinforcement in behavior management.

Differentiate between positive reinforcement, negative reinforcement, punishment, and extinction.

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Definitions:

Automatic Stabilizer

Economic policies and programs, such as unemployment benefits and taxation, that automatically adjust to counteract economic fluctuations without direct intervention by policymakers.

Crowding-out

A situation where increased public sector spending leads to a reduction in private sector spending.

Accelerator Effect

Refers to the phenomenon where an increase in national income results in a proportionally larger increase in investment spending due to expected higher demand for products.

Aggregate Demand

The sum of all demands for products and services in an economy, set at a particular price level and time period.