The More Broadly a Good Is Defined

question 183

Multiple Choice

The more broadly a good is defined,

• A)the more substitutes it has so the more elastic is its demand
• B)the fewer substitutes it has so the more elastic is its demand
• C)the more substitutes it has so the less elastic is its demand
• D)the fewer substitutes it has so the less elastic is its demand
• E)the more complements it has so the more elastic is its demand

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Definitions:

Reciprocal Determinism

The notion that external determinants of behavior, internal determinants of behavior, and behavior all influence one another.

Reinforcement Value

The degree to which an outcome or reward is considered desirable or valuable, influencing the likelihood of a behavior's repetition.

Social-cognitive Theory

A theoretical framework that emphasizes the importance of observational learning, imitation, and modeling in understanding human behavior.

Radical Behaviorism

Radical behaviorism is a theory in psychology that emphasizes the external behaviors of individuals as the most important factors in understanding human behavior, downplaying the role of internal thoughts and feelings.