The Term "Economic Rent" Refers to

question 30

Multiple Choice

The term "economic rent" refers to

• A)a payment for use of land.
• B)transfer earnings plus opportunity cost.
• C)the opportunity cost of land.
• D)economic profit.
• E)factor payments in excess of transfer earnings.

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Definitions:

Training Trial

An instance or episode during which a learning process is implemented, aimed at teaching a specific skill or behavior.

Rescorla And Wagner

A model proposing that the strength of learning is determined by the extent to which a conditioned stimulus (CS) is surprising or unexpected, pertaining to classical conditioning.

Learned Irrelevance

The presentation of a stimulus without an unconditioned stimulus (UCS) leads to the recognition that the stimulus is irrelevant, stops attention to that stimulus, and impairs conditioning when the stimulus is later paired with the UCS.

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly paired with an unconditioned stimulus, starts to trigger a conditioned response similar to the response to the unconditioned stimulus.