All of the Following Except One Are Examples of Price

question 26

Multiple Choice

All of the following except one are examples of price floors.Which is the exception?

• A)Minimum wage legislation.
• B)Rent controls.
• C)Agricultural price supports.
• D)A government decree that a country's currency cannot be sold below a certain value.

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Definitions:

Variable-interval Schedule

A reinforcement schedule in which rewards are given after an unpredictable time interval, leading to a steady, moderate response rate.

Fixed-ratio Schedule

A type of reinforcement schedule in operant conditioning where a response is reinforced only after a specified number of responses, leading to a high and steady rate of responding.

Classical Conditioning

Classical Conditioning is a learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously illustrated by Pavlov's dogs experiment.

Unconditioned Stimulus

In classical conditioning, an unconditioned stimulus is something that naturally and automatically triggers a response without any learning process involved.