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A Computer Chip Is One Example of a Final Good

question 5

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A computer chip is one example of a final good.


Definitions:

Positive Reinforcement

The addition of a rewarding stimulus following a desired behavior, making it more likely that the behavior will occur again.

Contingency

Describes a future event or circumstance that is possible but cannot be predicted with certainty.

Operant Conditioning

A learning process in which the strength of a behavior is modified by its consequences, such as reward or punishment.

Extinction

Within the field of psychology, a conditioned response gradually fades and ultimately vanishes.

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