Which of the Following Was Cited as Evidence of the Failure

question 3

Multiple Choice

Which of the following was cited as evidence of the failure of the capitalist system?

• A) The passage of Medicare
• B) The sharp drop in the price per share of Facebook immediately after its initial public offering
• C) The passage of the Homestead Act
• D) The collapse of many of the largest U. S. financial institutions and the real estate market in 2008
• E) The launch of Sputnik I

Appreciate cross-cultural perspectives on contracts, highlighting differences in contract views and preferences.

Understand the principles and conditions that affect the validity and expiration of an offer.

Grasp the method by which acceptance of an offer can be communicated and the impact of specific forms of acceptance.

Identify and explain the rules surrounding the revocation of an offer and its effects.

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Definitions:

Operant Conditioning

A technique of instruction where the potency of a conduct is influenced by rewarding or discouraging it.

Classical Conditioning

A method of pairing in learning where two stimuli are habitually associated; over time, the response originally from the second stimulus comes to be from the first stimulus alone.

Reinforcement

A principle in behavior theory in which a behavior is strengthened or made more likely to occur in the future by consequences that follow it.

Secondary Reinforcer

A stimulus that gains its reinforcing capability through its association with a primary reinforcer, such as money or praise.