Inefficiency Exists in an Economy When a Good Is

question 68

Multiple Choice

Inefficiency exists in an economy when a good is

• A)being produced with less than all available resources.
• B)not distributed fairly among buyers.
• C)not being produced by the lowest-cost producers.
• D)being consumed by buyers who value it most highly.

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Definitions:

Reinforcer

In operant conditioning, any event that strengthens the behavior it follows.

Conditioned Stimulus

An initially neutral stimulus that, upon association with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Stimulus

A trigger that inherently and effortlessly evokes a reaction without the need for previous learning.

Skinner Box

An experimental apparatus designed by B.F. Skinner for studying behavioral conditioning in animals, typically using rewards and punishments.