Which of the Following Regulatory Procedures Transfers Wealth from Consumers

question 36

Multiple Choice

Which of the following regulatory procedures transfers wealth from consumers to producers?

• A) Import quotas and tariffs.
• B) Efficiency wages.
• C) Transactions costs.
• D) Deadweight loss.

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Definitions:

Fixed Ratio Schedule

A type of reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses.

Variable Interval Schedule

A reward system where a response is given a reward after a random duration of time.

Fixed Interval Schedule

A schedule of reinforcement where rewards are given after a set period of time passes, regardless of the number of responses.

Reinforcement Schedules

In operant conditioning, the rule that is used to determine when and how frequently an action should be reinforced.