A Public Highway Looks Like a Collective Consumption Good Because

question 32

Multiple Choice

A public highway looks like a collective consumption good because there is very little traffic on it and zero congestion.Hence the marginal cost of an additional car is zero.Which of the following statements best describes why we should not assume that the road would always be a collective consumption good?

• A)The lack of congestion could be the result of government overproduction.
• B)The lack of congestion could be because of its low speed limit.
• C)The lack of congestion could be because of excessive police ticketing.
• D)The lack of congestion is because of the lower cost of alternative means of travel.

Explain how culture impacts learning behaviors and outcomes.

Analyze the components of classical conditioning and its role in habit formation and reoccurrence.

Design strategies using positive and negative punishment to modify behavior.

Differentiate between primary and secondary reinforcers with examples.

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Definitions:

Administration Half-life

The time required for the concentration of a drug in the body to be reduced by half after its administration, a key factor in determining the dosage and frequency of medication.

Frontal Cortex

The front part of the cerebral cortex involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Cerebellum

A part of the brain located at the back of the skull, primarily involved in coordinating movement and balance.

Hippocampus

A major component of the brain that plays critical roles in memory formation, navigation, and the emotional response.