The Law of One Price Says That

question 64

Multiple Choice

The law of one price says that

• A) only one price can be charged for an item in a contract deal.
• B) in an efficient market, one price only is the permissible price.
• C) in an efficient market, like goods will have like prices.
• D) even in international markets, bait and switch is illegal.

Distinguish between punishment and other behavioral strategies like extinction and avoidance.

Understand the concept of modeling and imitation in learning aggressive behaviors.

Understand the principles of reinforcement and punishment in behavioral psychology.

Identify and differentiate between primary, secondary, and tertiary reinforcements.