A Credence Good Is a Product

question 300

Multiple Choice

A credence good is a product

• A) with qualities that consumers lack the expertise to assess without assistance.
• B) that emphasizes the features of its product.
• C) with characteristics that enable an individual to evaluate the product's quality in advance of a purchase.
• D) that an individual must consume before the quality can be established.

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Definitions:

Secondary Reinforcer

A stimulus that gains its reinforcing properties through association with a primary reinforcer.

Certificate

A formal document attesting to a fact, such as the completion of an educational course or the qualification of the holder.

Discriminative Stimulus

A stimulus in the environment that indicates the availability of reinforcement or punishment for a particular behavior.

Generalized Stimulus

A stimulus that elicits a response after association with a conditioned stimulus in classical conditioning scenarios, indicating the learned response can transfer to similar stimuli.