Which of the Following Is Not a Property of a Competitive

question 27

Multiple Choice

Which of the following is not a property of a competitive equilibrium?

• A) markets clear.
• B) consumers and firms optimize given market prices.
• C) the government budget constraint is satisfied.
• D) increasing total factor productivity.

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Definitions:

Negative Reinforcement

A process in behavior analysis where the removal of an unpleasant stimulus strengthens a behavior, increasing the probability of its occurrence.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.

Self-efficacy

A belief in one's ability to succeed in specific situations or accomplish a task.

Effort Necessary

The amount of work or energy required to achieve a specific outcome or goal.