Which of the Following Is Not a Good Example of a Substitute

question 48

Multiple Choice

Which of the following is not a good example of a substitute product that triggers stronger competitive pressures?

• A) artificial sweetener as a substitute for sugar
• B) wireless phone service as a substitute for a landline telephone
• C) Coca-Cola as a substitute for Pepsi
• D) digital cameras as substitutes for film cameras
• E) video-on-demand services as a substitute for renting movies from a movie rental store

Understand the concept of Universal Basic Income and its intended impact on income equality.

Grasp how discrimination in the labor market, including taste-based and statistical discrimination, affects wage disparities and occupational segregation.

Understand the concept and relevance of the Lorenz curve in representing income distribution.

Grasp the significance of the Gini ratio as a measure of income inequality.

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Definitions:

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any prior learning.

Aversive Conditioning

A behavioral technique that involves using negative stimuli to reduce or eliminate undesired behaviors.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.

Counterconditioning

A classical conditioning procedure for changing the relationship between a conditioned stimulus and its conditioned response.