Reduced Funds Available for Investment in Our Economy Could Result

question 10

Multiple Choice

Reduced funds available for investment in our economy could result from

• A)expanded savings by consumers.
• B)higher imports than exports.
• C)reduced spending for consumer goods.
• D)higher exports than imports.
• E)higher opportunity costs.

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Definitions:

Law of Effect

A principle in psychology stating that responses closely followed by satisfaction will become firmly attached to the situation and therefore more likely to recur in similar situations.

Spontaneous Recovery

The reappearance of a conditioned response after a period of lessened response.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which are used to either increase or decrease the likelihood of a behavior repeating.

Classical Conditioning

A training technique characterized by the recurrent pairing of two cues, leading to an outcome where the first cue alone can elicit a response initially caused by the second cue.