Explain What Factors Determine How Much Investment Is Required to Maintain

question 62

Essay

Explain what factors determine how much investment is required to maintain a given level of capital per effective worker.

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Definitions:

Stimulus Discrimination

The ability to distinguish between different stimuli, recognizing differences that are important for making different responses.

Shaping

An operant-conditioning procedure in which successive approximations of a desired response are reinforced.

Vicarious Conditioning

Learning that occurs by observing the reactions of others to an environmental stimulus, rather than through direct experience.

Spontaneous Recovery

A phenomenon in psychology where previously extinguished responses reappear after a period of no exposure to the conditioned stimulus.