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A Large Majority of Economists Favor Eliminating the Minimum Wage

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A large majority of economists favor eliminating the minimum wage.


Definitions:

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, in operant conditioning.

Variable Ratio

A reinforcement schedule in operant conditioning where a response is reinforced after an unpredictable number of responses.

Fixed Interval

A type of reinforcement schedule in operant conditioning where rewards are provided after a specific, constant amount of time has passed.

Fixed Ratio

Fixed ratio denotes a schedule of reinforcement where a response is reinforced only after a specified number of responses have occurred.

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