For Choice Sets Emerging from "Exogenous" Income, the Budget Line

question 17

True/False

For choice sets emerging from "exogenous" income, the budget line will shift parallel whenever both prices change by the same percentage.

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Definitions:

Operant Conditioning

An educational practice that modifies the strength of a behavior through either positive stimuli or negative feedback.

Positive Reinforcer

An incentive that, if offered following an action, enhances the chance of that action being performed again.

Conditioning Perspective

A viewpoint in psychology that focuses on learning as the primary mechanism through which behaviors are acquired and modified.

Treat

To deal with or act towards someone or something in a specified manner, often with kindness or to provide medical care.