The Minimum Distance Model Assumes That

question 79

Multiple Choice

The minimum distance model assumes that

• A) the bliss point can easily be achieved by means of responses that are at a rate proportional to the preferences for each behavior.
• B) schedule constraints prevent achievement of the bliss point; however, the subject can allocate responses to get as close to bliss as possible.
• C) as the preferences for two behaviors become more similar, the bliss point is easier to achieve.
• D) the time it takes to complete each schedule requirement-regardless of time interval or ratio schedule-determines which behavior is preferred.

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Definitions:

Deductible

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Elective Surgical Procedure

A surgery that is planned in advance and is not essential to save life or limb but may enhance the quality of life or physical appearance.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, leading to a balance in the market.

Allocative Efficiency

A state of the economy where resources are distributed in a way that maximizes the net benefit to society, with goods and services going to those who value them the most.