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Suppose There Is an Excess Demand for Water in Manitoba

question 254

True/False

Suppose there is an excess demand for water in Manitoba.This means that we can expect the price of water to increase in Manitoba over time.


Definitions:

Motivation

The internal drive or external stimuli that prompt and direct behavior towards achieving personal or organizational goals.

Partial Reinforcement

Means rewarding a behavior only part of the time rather than all the time (it can be applied to punishment as well, but the reward case is simpler).

Punishment

Punishment involves applying a negative consequence or removing a positive reinforcement in response to undesired behaviour, with the aim of reducing or eliminating that behaviour.

Agents

Representatives or intermediaries who act on behalf of others in various transactions or negotiations.

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