Which One of the Following Statements Is True

question 9

Multiple Choice

Which one of the following statements is true?

• A) If the money price of a good increases, its relative price necessarily increases.
• B) If the money price of a good increases, its relative price necessarily decreases.
• C) The relative price of a good refers to the opportunity cost of purchasing it.
• D) Rational consumers always ignore the monetary price of a good when deciding whether to buy it.

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Definitions:

Shaping

A procedure for teaching complex behaviors that at first reinforces approximations of the target behavior.

Behavioral Goal

A behavioral goal is an objective designed to modify an individual's actions or responses to achieve a desired outcome.

Progressive Steps

A series or sequence of steps taken toward achieving a particular goal, emphasizing gradual advancement or improvement.

Operant Conditioning

A method of learning in which the intensity of a behavior is altered through rewards or penalties.