Mitzi's Cat Has Learned to Meow Every Time It Hears

question 394

Multiple Choice

Mitzi's cat has learned to meow every time it hears the can opener because Mitzi opened the cat food using an electric can opener. The cat food now comes in pull-top cans, so the cat never receives food after hearing the can opener. Mitzi's cat stops meowing to the can opener, illustrating that which of the following has taken place?

• A)shaping
• B)extinction
• C)a spontaneous recovery
• D)negative reinforcement

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Definitions:

Put Option

A financial contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a set time period.

Fixed Price

A set price for a product or service that does not change under normal conditions.

Derivative Security

A financial instrument whose value is based on an underlying asset, index, or other financial instruments.