A Critical Assumption Made by All Economic Models Is That

question 139

Multiple Choice

A critical assumption made by all economic models is that

• A) few economic decision makers face constraints under capitalism
• B) few economic decision makers face constraints under communism
• C) every economic decision maker,except the extremely wealthy,faces constraints
• D) every economic decision maker,except the federal government,faces constraints
• E) every economic decision maker faces constraints under every economic system

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Definitions:

Reinforcement

In operant conditioning, any event that strengthens or increases the likelihood of a behavior occurring again.

Punishment

A consequence applied to an individual or a group for a behavior deemed unacceptable by a given standard, intended to discourage the behavior's recurrence.

Self-efficacy

A belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.

Birth Order

The theory that a person's rank by age among siblings influences their personality and behavior.