Society Wants to Use Its Scarce Resources Efficiently

question 46

Multiple Choice

Society wants to use its scarce resources efficiently.To achieve this economic goal it must:

• A) have full employment and full production.
• B) have a fixed resource base and fixed technology.
• C) expand the use of capital goods and reduce the use of labor.
• D) increase the rental,interest,wage,and profit payments to the factors of production.

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Definitions:

Stimulus Generalization

The tendency for the learned response to stimuli similar to the original conditioned stimulus to elicit similar responses.

Watson

Refers to John B. Watson, an American psychologist who is considered one of the pioneers of behaviorism, emphasizing the study of observable behavior.

White Rabbit

A symbol or character, often associated with curiosity and the journey into the unknown, popularized by Lewis Carroll's "Alice's Adventures in Wonderland."

Conditioned Stimulus

An initially neutral trigger that, after association with an unconditioned stimulus, leads to a conditioned response over time.