If Goods Are Not Rationed According to Price,if Follows That

question 53

Multiple Choice

If goods are not rationed according to price,if follows that

• A) they won't get rationed at all.
• B) some mechanism will be used to ration the goods.
• C) first-come-first-served will necessarily be the rationing device.
• D) there will be surpluses in the market.
• E) none of the above

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Definitions:

Fears

Emotional responses to perceived threats, which can be instinctive or learned through experiences.

Token Economies

A behavior modification system that uses tokens as reinforcement for desired behaviors, which can be exchanged for rewards.

Operant Conditioning

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

Contingent Monetary Reinforcement

A form of incentive or reward where money is given based on the performance or behavior of an individual, often used in behavior modification strategies.