Assume That a Consumer Spends a Given Budget on Only

question 361

Multiple Choice

Assume that a consumer spends a given budget on only two goods and that the prices of the two goods are constant. The budget line in this case would

• A) definitely be a straight downward-sloping line.
• B) possibly be a straight upward-sloping line.
• C) be a curved graph bowed outward.
• D) be a curved bell-shaped graph.

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Definitions:

Conditioned Reinforcer

A stimulus that acquires the ability to reinforce behavior through its link to a primary reinforcer.

Primary Reinforcer

A naturally reinforcing stimulus, such as food or water, that satisfies a basic biological need.

Operant Behavior

Behavior that is controlled or influenced by its consequences, including rewards and punishments, in the context of learning.

Immediate Reinforcers

Rewards that occur directly following a behavior, increasing the chance of that behavior being repeated.