According to the Operant Approach, Which of the Following Statements

question 32

Multiple Choice

According to the operant approach, which of the following statements would not describe a contingent reward?

• A)An insurance salesperson receives their monthly commission check.
• B)An employee receives an extra week of vacation time after their fifth year with the company.
• C)An employee receives their Holiday bonus checks.
• D)All of these describe contingent rewards.

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Definitions:

Income Elasticity

A measure of how the demand for a good or service changes in response to changes in the consumer's income.

Income Elasticity

A measure of how much the demand for a product changes with a change in consumers' income.

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' income.

Inferior Good

A type of good whose demand decreases when consumer income rises, unlike normal goods for which the opposite is true.