The Process of Learning Associations Between Environmental Events and Behavioral

question 199

Multiple Choice

The process of learning associations between environmental events and behavioral responses is called:

• A) stimulus discrimination.
• B) stimulus generalization.
• C) conditioning.
• D) extinction.

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute the consumption of one good for another.

Interest Rate

The remuneration, depicted as a fraction of the principal, that a lender exacts from a borrower for asset utilization.

Income Effect

A change in the consumption patterns of individuals or economies due to a change in real income or purchasing power.

Labor-Supply Curve

A graphical representation showing the relationship between the quantity of labor supplied by workers and the wage rate.