The Effects Attributed to the Decline in the Volume of Trade

question 55

Multiple Choice

The effects attributed to the decline in the volume of trade in a large nation,considered independently of changes in terms of trade,will

• A)reduce the nation's welfare
• B)increase the nation's welfare
• C)not change the nation's welfare
• D)have ambiguous outcomes with respect to gain or loss of welfare

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Definitions:

Partial Reinforcement

In behavioral psychology, this refers to a conditioning schedule where only some of the responses are followed by a reward, making a behavior more resistant to extinction.

Unpredictable Occasions

Events or situations that occur without forewarning and cannot be anticipated based on prior experience or knowledge.

Pigeon

A bird of the family Columbidae, known for its ability to find its way home over long distances.

Associative Learning

The process by which an association between two stimuli or a behavior and a stimulus is learned.