Wealth Can Be Thought of As

question 19

Multiple Choice

Wealth can be thought of as:

• A) The sum total of all assets less any debts.
• B) The sum of all assets you have at any one point in time.
• C) The income that you have earned that year.
• D) The sum of all assets and any expected future assets.

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Definitions:

Successive Approximations

A technique used in behaviorist psychology, involving the reinforcement of behaviors that are increasingly similar to the desired behavior.

Operant Conditioning

A method of behavior modification where the intensity of an action is influenced by positive or negative reinforcement.

Shaping

A method of positive reinforcement of behavior patterns in operant conditioning.

Simpler Response

A basic or more straightforward reaction or answer to a stimulus or question, often requiring less cognitive or emotional effort.