Corky's Mouth Waters When He Sees Ball Park Franks,but Not

question 73

Multiple Choice

Corky's mouth waters when he sees Ball Park Franks,but not when he sees other brands of franks.This response is known as:

• A)extinction.
• B)discrimination.
• C)generalization.
• D)intelligence.

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Definitions:

Excludable

A characteristic of a good or service that allows owners or providers to prevent others from using it without paying.

Concert Hall

A venue specifically designed and equipped for the performance of live music, often with attention to acoustical properties to enhance sound quality.

Artificially Scarce Goods

Goods that are made scarce by the actions of individuals or institutions, despite the capability of being easily produced in abundance.

Market Price

The current price at which an asset or service can be bought or sold in the open market.