Tiger Woods' Mother Used Behaviorist Principles to Get Young Tiger

question 14

Multiple Choice

Tiger Woods' mother used behaviorist principles to get young Tiger to do his homework. She would allow him to play golf only after his homework was done. In this example, what type of
Reinforcer/punishment is Tiger's mother using?

• A) primary reinforcer
• B) secondary reinforcer
• C) negative punishment
• D) extinction

Distinguish between elastic, inelastic, and unitary elasticity of demand.

Identify factors that affect the elasticity of demand for goods and services.

Understand how the time period affects the elasticity of demand.

Comprehend the effects of market definitions and availability of substitutes on demand elasticity.

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Definitions:

Market-to-Book Ratio

A financial ratio that compares a company's market value to its book value, indicating how much shareholders are paying for the net assets of a company.

Stock Price

The present rate at which a company's stock is traded on the stock market.

Book Value

The net value of a company's assets as recorded on its balance sheet, and calculated by subtracting liabilities from the total value of assets.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, illustrating the trade-offs and opportunity costs in production.