When Your 3-Year-Old Sister Threw a Tantrum Over the Candy

question 85

Multiple Choice

When your 3-year-old sister threw a tantrum over the candy she wanted, your mother gave it to her so that she would calm down. Unfortunately, your sister's temper tantrums probably have been:

• A)negatively reinforced.
• B)positively reinforced.
• C)negatively punished.
• D)positively punished.

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Definitions:

Short Run

A period in which at least one factor of production is fixed and cannot be varied by the firm.

Long Run

A period sufficient for all inputs in production to be adjusted, including physical capital and labor.

Allocative Efficiency

Allocative Efficiency occurs when resources are distributed in a way that maximizes the net benefit to society, ensuring that the right goods are produced to meet consumer preferences.

Productive Efficiency

A situation where an economy or a production process is operating in such a way that it could not produce more of one good without producing less of another.