The Trade-Off Between the Present and Future Consumption Is Measured

question 375

Multiple Choice

The trade-off between the present and future consumption is measured by

• A) the money cost of both the present and future consumption.
• B) the foregone present consumption.
• C) the difference between the money price of future goods and the money cost of producing them.
• D) the difference between the money price of present goods and the money cost of producing them.

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Definitions:

Time-Out

A behavior-modification technique in which a child who misbehaves is temporarily removed from positive reinforcement.

Misbehaves

To act out or behave badly, contrary to established rules or expectations.

Punishment

A consequence administered to reduce the likelihood of a behavior occurring in the future, often involving an unpleasant or negative experience.

Shaping

Shaping is a psychological conditioning technique in which successive approximations toward a desired behavior are reinforced, gradually leading to the adoption of the behavior.