The Ratio of the Change in Consumption to the Change

question 168

Multiple Choice

The ratio of the change in consumption to the change in disposable income is called the

• A) marginal utility of consumption.
• B) average utility of consumption.
• C) marginal propensity to consume.
• D) average propensity to consume.

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Definitions:

Desired Behavior

A specific action or response that is targeted for increase or improvement in various settings, including psychological therapy and behavior modification programs.

Respondent Behavior

A type of behavior in psychology that is elicited by a stimulus, and is reflexive or involuntary.

Operant Behavior

Behavior that is controlled by consequences, including rewards and punishments, following the behavior.

Pavlov

A Russian physiologist best known for his discovery of classical conditioning, where an organism learns to associate a neutral stimulus with a reflexive response.