What Term Refers to the Property That Society Has Limited

question 84

Multiple Choice

What term refers to the property that society has limited resources and therefore cannot produce all the goods and services people wish to have?

• A) inefficiency
• B) inequality
• C) scarcity
• D) market failure

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Definitions:

Classical Conditioning

A method of learning that happens by linking an external stimulus with a stimulus that naturally occurs.

Operant Conditioning

Operant conditioning is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Antecedents

Events or conditions that precede and influence the occurrence of a specific behavior, outcome, or another event.

Internal Causes

Reasons or motivations stemming from within an individual, such as personal preferences, values, or beliefs, that influence their behavior.