Relative Insensitivity to Delayed Rewards Helps Explain Why It Is

question 114

Multiple Choice

Relative insensitivity to delayed rewards helps explain why it is:

• A)relatively infrequent that people behave in opposition to their own long-term interests.
• B)easier to use punishment than reinforcement to control behavior.
• C)difficult to engage in behaviors that have only long-term benefits.
• D)relatively easy for most people to stick to a diet.

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Definitions:

Money Income

The total amount of monetary earnings or inflow received by an individual or entity, typically measured within a certain time period.

Budget Line

A graphical depiction of all possible combinations of two goods that can be purchased with a fixed amount of income, given their prices.

Indifference Map

A graphical representation in microeconomic theory of a consumer's preferences, showing different combinations of goods among which the consumer is indifferent.

Total Utility

The complete pleasure or advantage an individual obtains from the consumption of a specific amount of products or services.