The Figure Given Below Depicts the Negatively Sloped Demand and Positively

question 100

Multiple Choice

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country.Figure 21.2

-According to Figure 21.2, if the world price of wheat is $25, and a tariff of $10 is imposed by the domestic government, the total tariff revenue collected by the government is:

• A)$5,000.
• B)$4,000.
• C)$2,000.
• D)$1,000.
• E)$0.

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Definitions:

Contingency Responding

A learning process where the learner adjusts behaviors based on the presence of specific stimuli and the consequences that follow those behaviors.

Instrumental Conditioning

A learning process in which behavior is modified through the use of rewards or punishments.

Fixed-Ratio

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

Fixed-Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, leading to a pattern of responses.