The Value of the Market to Society Is

question 102

Multiple Choice

The value of the market to society is

• A)the consumer surplus it generates.
• B)the producer surplus it generates.
• C)the sum of the producer and consumer surpluses.
• D)consumer surplus minus producer surplus.

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Definitions:

Secondary Reinforcer

A stimulus that has acquired reinforcing properties through associations with primary reinforcers.

Negative Reinforcement

A behavior modification technique that involves the removal of an unpleasant stimulus to increase the likelihood of a desired behavior.

Negative Reinforcement

A process in behavior conditioning where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Punishment

A consequence applied with the intention of reducing or eliminating an undesirable behavior by introducing a negative stimulus.