________ Means Accomplishing a Certain Process with Minimum Resources

question 101

Multiple Choice

________ means accomplishing a certain process with minimum resources.

• A) Efficiency
• B) Effectiveness
• C) Innovation
• D) Adaptation

Analyze the impact of different pricing strategies on total surplus.

Evaluate the effects of shifts in supply and demand on producer and consumer surplus.

Recognize the significance of efficiency and equality in resource allocation.

Interpret supply and demand tables and graphs to determine economic outcomes.

---

Definitions:

Negative Contrast

The phenomenon where an organism shows a reduced response to a less favorable or smaller reward after experiencing a more favorable or larger reward.

Fixed-Interval Schedule

A type of reinforcement schedule where the first response is rewarded only after a specified amount of time has elapsed.

Variable-Interval Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed, creating a variable pattern of reinforcement.

Fixed-Ratio Schedule

A schedule of reinforcement where a response is rewarded after a specified number of responses, leading to a high and steady rate of responding.