Examlex
A pigeon in operant chamber #1 regularly receives a pellet of food after every 10 pecks at a red disk, no matter how long it takes. A rat in operant chamber #2 regularly receives a pellet of food for the first bar press it makes after 10 minutes have passed, no matter how many bar presses it makes. The pigeon is on a _____ schedule of reinforcement, and the rat is on a _____ schedule of reinforcement.
Trade
The action of buying, selling, or exchanging goods and services between people, firms, or countries.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay.
International Trade
The exchange of goods, services, and capital among various countries and territories, crossing their international borders.
Absolute Advantage
The ability of a country, individual, or group to produce a good or service more efficiently than competitors, using fewer resources.
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