Holding All Else Equal, an Unnecessary Increase in Federally-Mandated Auto

question 43

Multiple Choice

Holding all else equal, an unnecessary increase in federally-mandated auto safety requirements leads to a decrease in:

• A) auto demand.
• B) the quantity of autos supplied.
• C) auto supply.
• D) the quantity of autos demanded.

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Definitions:

Primary Reinforcer

A stimulus that is naturally rewarding and satisfying, and requires no learning to become desirable, such as food or water.

Innately Satisfying

Actions or objects that are inherently pleasurable and do not require learning to be enjoyed.

Learning

The process of acquiring knowledge or skills through experience, study, or being taught.

Secondary Reinforcer

A learned stimulus that gains its reinforcing power through its association with a primary reinforcer.