Use the Following to Answer Questions

question 30

Multiple Choice

Use the following to answer questions:
Figure: Slave Redemption
-(Figure: Slave Redemption) Refer to the figure. Assume the graph illustrates the Sudanese slave trade. When slave redeemers enter the market, the price of slaves:

• A) increases to $40.
• B) decreases to $17.
• C) stays unchanged at $40.
• D) exceeds $40.

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Definitions:

Reflexive Behaviour

Automatic, involuntary actions or responses to stimuli, that do not require conscious thought.

Operant Conditioning

The process of acquiring knowledge by which a behavior's level is modified using encouragement or deterrents.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is initially elicited by the second stimulus is eventually evoked by the first stimulus alone.

Herding Behaviour

A social phenomenon where individuals in a group act collectively without centralized direction, often observed in financial markets, social settings, or animal behavior.