______________ States That the Cost or Price of a Commodity

question 34

Multiple Choice

______________ states that the cost or price of a commodity is determined by,or can be inferred exclusively from,its labor content.

• A)Mercantilism
• B)The law of comparative advantage
• C)The labor theory of value
• D)The opportunity cost theory

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Definitions:

Reinforcement

In behavioral psychology, a consequence applied that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Personality Traits

Enduring characteristics or behaviors that distinguish one individual from another, often described as patterns of thought, feeling, and behavior.

Superego

Part of the human psyche, according to Freudian theory, that represents internalized ideals and provides standards for judgment (the conscience) and for future aspirations.

Collective Unconscious

A concept proposed by Carl Jung that refers to the part of the unconscious mind which is derived from ancestral memory and experience and is common to all humankind.