Every Time He Drinks,Boris Has a Painful Hangover the Morning

question 60

Multiple Choice

Every time he drinks,Boris has a painful hangover the morning after.But he continues to drink because just a single drink reduces his anxiety.Boris' continued drinking illustrates the power of

• A) generalization.
• B) spontaneous recovery.
• C) extinction.
• D) immediate reinforcement.

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Definitions:

Payments to Workers

Financial remuneration provided to employees for their labor, often in the form of wages or salaries.

Entrepreneur's Forgone Interest

The potential revenue lost by investing in one's own business instead of utilizing those funds in an alternative investment.

Normal Profit

The level of profit necessary for a company to remain competitive in the market, covering opportunity costs, but not creating economic profit.

Economic Profit

The difference between the total revenue generated by a business and the total costs of production, including both explicit and implicit costs.