Which of the Following Represents the Findings of David Premack

question 118

Multiple Choice

Which of the following represents the findings of David Premack?

• A)Disallowing a child to have ice cream because the child did not eat the vegetables
• B)Allowing a child to have ice cream only if the child eats up the vegetables
• C)Allowing a child to have ice cream even if the child does not eat their vegetables
• D)Allowing a child to have an extra ice cream cone if the child dislikes the first cone

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Definitions:

Labor Demand

The total amount of workers that employers want and are willing to hire at a given wage rate in a certain period.

Labor Supply

Refers to the total hours that workers are willing and able to work at a given wage rate in an economy.

Profit-maximizing

The process or strategy of adjusting production and sale conditions to achieve the highest possible profit margin.

Purely Competitive

A state of the market where products are identical across sellers, barriers to entry are minimal, and the actions of any single buyer or seller have no notable impact on the market.