According to Classical Economists, If the Quantity of Labor Demanded

question 69

Multiple Choice

According to Classical economists, if the quantity of labor demanded exceeds the quantity supplied, there is a

• A) surplus of labor and wages will rise.
• B) shortage of labor and wages will fall.
• C) shortage of labor and wages will rise.
• D) surplus of labor and wages will fall.

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Definitions:

Variable-ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, making it highly effective for maintaining behaviors.

Fixed Interval

Fixed Interval refers to a schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Continuous Reinforcement

A learning process in which a behavior is reinforced every time it occurs, leading to rapid learning.

Variable Ratio

A schedule of reinforcement wherein a response is rewarded after an unpredictable number of responses, used in behavior modification and learning processes.