Operant Conditioning Is Especially Likely to Be Involved in the Development

question 199

Multiple Choice

Operant conditioning is especially likely to be involved in the development of:

• A) phobias
• B) excessive salivation
• C) habituation
• D) habits

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Definitions:

Zero-coupon Bond

A type of bond that does not pay interest during its life but is sold at a discount and matures at its face value.

Maturity

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.

Arbitrage

The practice of buying and selling equivalent assets in different markets to take advantage of a price difference.

Law of One Price

An economic theory that states that in efficient markets, identical goods must have only one price when prices are expressed in a common currency, absent any transaction costs and tariffs.