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If This Is an Open Economy, Quantity of Cars Demanded

question 126

Multiple Choice

If this is an open economy, quantity of cars demanded domestically will be ________. If this is an open economy, quantity of cars demanded domestically will be ________.   A)  20,000 B)  40,000 C)  60,000 D)  80,000

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Definitions:

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response tendency.

Reinforcement

A concept in behavioral psychology where a behavior is strengthened or increased by following it with a positive or rewarding stimulus.

Stimulus Discrimination

The ability to differentiate between two or more stimuli, responding only to the one that is conditioned while ignoring the others.

Learned Response

A reaction or behavior that is developed as a result of experience or conditioning.

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