The Ability to Produce an Item at a Lower Opportunity

question 115

Multiple Choice

The ability to produce an item at a lower opportunity cost compared with other producers is known as

• A) competitive dominance.
• B) productive dominance.
• C) comparative advantage.
• D) absolute advantage.

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Definitions:

Organizational Behavior Modification

The use of behavioral techniques to reinforce positive work behavior and discourage unhelpful work behavior.

Law of Effect

A principle in psychology stating that behaviors followed by favorable consequences become more likely, while behaviors followed by unfavorable consequences become less likely.

Behavioral Perspective

A view in psychology focusing on observable behaviors and the ways in which they are learned through interactions with the environment.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, thereby influencing the likelihood of that behavior occurring again.