If Complete Equality of Income Were Legislated, Which of the Following

question 36

Multiple Choice

If complete equality of income were legislated, which of the following would economics predict?

• A) People would become richer.
• B) Society would gain utility from the extra goods produced.
• C) Individuals would willingly work longer hours and thus produce more.
• D) The incentive to produce and perform efficiently would be virtually eliminated.

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Definitions:

Pavlov

was a Russian psychologist known for his work in classical conditioning, particularly the concept of the conditioned reflex.

Skinner

B.F. Skinner was a prominent American psychologist, behaviorist, author, inventor, and social philosopher known for his work in the study of behaviorism and operant conditioning.

Systematic Desensitization

A therapy technique used to treat phobias and anxiety disorders by gradually exposing the patient to the anxious stimuli.

Fear-Producing Stimuli

External cues or situations that elicit a fear response, which can be innate or learned through experience.