Exhibit 19-7 -If the Country in Exhibit 19-7 Is Initially Trading Without

question 80

Multiple Choice

Exhibit 19-7

-If the country in Exhibit 19-7 is initially trading without restrictions at a world price of $2.00 and an import quota of 50 units per month is enacted,the gain to those awarded the right to import the 50 units and sell it at the new domestic price is represented by area

• A) a
• B) b
• C) c
• D) d
• E) c + d

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Definitions:

Negative Punishment

The removal of a desirable stimulus following a behavior, intended to decrease the likelihood of that behavior occurring again.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, influencing the probability of behavior being repeated.

Classical Conditioning

A method of learning that happens when an environmental trigger is associated with a naturally existing stimulus, yielding a trained reaction.

Social Conditioning

The process by which individuals learn the norms, values, and behaviors acceptable to their society through social interactions.