An Initial Allocation of Goods Is Called A(n)

question 8

Multiple Choice

An initial allocation of goods is called a(n)

• A) endowment.
• B) inheritance.
• C) pareto set.
• D) general equilibrium goods set.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, through which an association is made between a behavior and a consequence for that behavior.

Ladder

A set of steps or rungs between two vertical bars, used for climbing up or down.

Shaping

A method of behavior modification that involves gradually training an organism to perform a specific behavior by reinforcing successive approximations of the target behavior.

Reinforce

To strengthen a behavior by providing a consequence that increases the likelihood of the behavior being repeated.