People Tend to Substitute Behaviors That Are Recognized and Rewarded

question 82

True/False

People tend to substitute behaviors that are recognized and rewarded for those behaviors that are ignored,without regard to their contribution to goal accomplishment.

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Definitions:

Interest-Rate Cost

The cost incurred by an individual or entity due to borrowing funds, determined by the rate of interest on the borrowed amount.

Marginal Utility

The additional enjoyment or gain achieved by consuming another unit of a good or service.

Total Utility

The total satisfaction or benefit derived from consuming a given quantity of goods or services.

Budget

An estimate of income and expenditure for a set period of time, often used by governments, businesses, and individuals to allocate resources.