In Your Backyard You Have a Bird Feeder from Which

question 26

Multiple Choice

In your backyard you have a bird feeder from which a particular squirrel likes to eat.You have tried many ways to prevent it from stealing from it.You notice that the squirrel's random behavior gradually turns into goal-directed behavior.This best illustrates what Thorndike called the:

• A) Law of Effect
• B) principle of continuity
• C) law of consequence
• D) classical conditioning

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Definitions:

Nominal Rate

The interest rate before adjustments for inflation, as opposed to the real rate, which is adjusted for inflation.

Rate of Inflation

The percent change in the price level of goods and services in an economy over a period of time, usually measured annually.

Interest

Interest is the charge for borrowing money typically expressed as an annual percentage rate, or the income earned from lending money.

Consumption

Families or individuals partaking in the use of goods and services.