When Production Reflects Consumer Preferences, ________ Occurs

question 34

Multiple Choice

When production reflects consumer preferences, ________ occurs.

• A)allocative efficiency
• B)productive efficiency
• C)equity
• D)efficient central planning

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Definitions:

Behavior Modification

A therapeutic approach that seeks to change undesirable behaviors through the use of reinforcement and punishment.

Conditioning Techniques

Methods used in behavioral psychology to teach or modify behaviors through the use of rewards or punishments.

Maladaptive Behaviors

Actions or tendencies that are counterproductive to oneself or others, often developed as coping mechanisms for dealing with stress or trauma.

Extinction

The process by which a species, family, or larger group of organisms ceases to exist.