Efficiency Is Achieved

question 401

Multiple Choice

Efficiency is achieved

• A) when output is being produced at a point inside a production possibilities curve.
• B) when producers are getting the maximum possible output from the available resources.
• C) when consumers are able to buy everything that they want.
• D) when prices of all goods and services go to zero.

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Definitions:

Secondary Reinforcer

Indicates any stimulus that has become reinforcing through its association with a primary reinforcer, often used in behavioral conditioning.

Probability

A measure of the likelihood that a particular event will occur, often expressed as a number between 0 and 1.

Operant Conditioning

a method of learning that uses rewards and punishments to influence behavior.

Classical Conditioning

A learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.