Charges That Are Paid for Factors of Production Are Called

question 121

True/False

Charges that are paid for factors of production are called implicit costs.

---

Definitions:

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or shelter, which is inherently rewarding.

Token Economy

A behavioral modification technique based on systematic reinforcement, using tokens as a form of currency that can be exchanged for desired rewards.

Shaping

The process of reinforcing successive approximations of a desired behavior to teach new behaviors.

Classical Conditioning

A learning process wherein a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.