The Most Important Determinant of Resource Prices Is

question 8

Multiple Choice

The most important determinant of resource prices is:

• A)social customs
• B)intervention by governments
• C)the interaction of demand and supply
• D)intervention by labour unions
• E)intervention by landowners

---

Definitions:

Operant Conditioning

A type of learning where behavior is controlled by consequences, including rewards for positive actions and punishments for negative actions.

Reinforcement

A concept in behavioral psychology where a behavior becomes more likely to occur due to the consequence that follows it.

Operant Conditioning

A procedure in learning where the level of a particular behavior is tailored by means of encouragement or correction.

Voluntary Response

A behavioral or physical reaction that occurs as a result of a voluntary action in response to a stimulus.