If a Premium-Grade Blank Videocassette Sells for 14 Euros in Germany

question 149

Multiple Choice

If a premium-grade blank videocassette sells for 14 euros in Germany and that identical videocassette sells for $6 in the United States,exchange rate implied by PPP theory is ________ dollars per euro.

• A)2.333
• B)0.429
• C)8.000
• D)0.125

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Definitions:

Negative Reinforcements

A behavioral principle where the removal of an unfavorable event or outcome after the display of a behavior increases the likelihood of that behavior being repeated in the future.

Positive Reinforcements

a process in behavior analysis where the addition of a stimulus following a behavior increases the likelihood of that behavior happening again.

Punishment

A process that decreases the likelihood of a behavior being repeated, often through unpleasant consequences following that behavior.

Stimulus Generalization

The process by which a response is given to similar stimuli as to the original conditioned stimulus in classical conditioning.