In Economics,something That Provides Disutility Is Called a

question 61

Multiple Choice

In economics,something that provides disutility is called a

• A) good.
• B) want.
• C) need.
• D) bad.
• E) none of the above

Comprehend the law of effect and its implications for behavior management.

Understand extinction strategies and their role in behavior modification.

Grasp the strategies for positive reinforcement in the workplace.

Recognize the fundamental principles of operant conditioning in the context of management.

---

Definitions:

Interest Rate

is the cost of borrowing money or the return for investing, usually expressed as a percentage of the principal over a one-year period.

Consumption Function

An economic formula representing the relationship between total consumption and gross national income, positing that consumption patterns are directly related to income levels.

Price Level

A measure of the average prices of goods and services throughout the economy, indicating the cost of living or inflation rate.

Net Wealth

The total value of all financial and non-financial assets owned by an individual, company, or country, minus any debts.