Which of the Following Is a Source of Market Failure

question 179

Multiple Choice

Which of the following is a source of market failure?

• A)unforeseen circumstances which leads to the bankruptcy of many firms
• B)a lack of government intervention in a market
• C)incomplete property rights or inability to enforce property rights
• D)an inequitable income distribution

Distinguish between positive and negative reinforcement.

Identify examples and effects of punishment in behavior modification.

Comprehend different reinforcement schedules (fixed-ratio, variable-ratio, fixed-interval, variable-interval) and their impacts on behavior.

Recognize the role of aversive stimuli in behavior modification.

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Definitions:

Suppliers

Businesses or individuals that provide goods or services to another entity under terms specified in a contract or agreement.

Great East Japan Earthquake

A magnitude 9.0 undersea earthquake off the Pacific coast of Japan, occurred on March 11, 2011, causing widespread damage and triggering a tsunami.

Super-Event

An exceptionally significant or large-scale event that has a profound impact on its participants or the surrounding environment.