Which Statement Is CORRECT

question 82

Multiple Choice

Which statement is CORRECT?

• A)Resource scarcity is not a major concern in the rich countries of the world.
• B)Most opportunity costs are zero.
• C)An economic situation is in equilibrium when no individual would be better off taking a different action.
• D)Some very talented,skilled individuals who can do everything better than most people should not specialize in doing any one thing.

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Definitions:

Social Learning

A theory that explains how people learn new behaviors, attitudes, and skills by observing the actions of others.

Instrumental Learning

Learning based on the consequences of behavior, often described through the law of effect, where behaviors followed by favorable outcomes are more likely to recur.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior.

Operant Conditioning

An educational method where the intensity of a behavior is adjusted by rewards or consequences.