The _______________ theory of learning proposes that human behavior is the result of the arrangement of particular stimuli in the environment.
a. Humanism.
b Behaviorism.
c. Cognitivism.
d. Constructivism.
Answer: b Behaviorism.
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This figure displays the choices and payoffs (company profits) of two music shops-MiiTunes and The Rock Shop. MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices, in the hopes that a new business will not be able to make a profit at such low prices. The Rock Shop is trying to decide whether or not it should enter the market and compete with MiiTunes.According to the figure, MiiTunes:
A. does not have a dominant strategy. B. has a dominant strategy to charge low prices. C. has more than one dominant strategy. D. has a dominant strategy to charge high prices.
A utility-maximizing consumer always purchases a good that yields the greatest average utility per dollar of expenditure
a. True b. False Indicate whether the statement is true or false
High interest rates make a firm's long-term investment in new capital
a. riskless. b. less attractive. c. more attractive. d. no more attractive than short-term investment.
If an unanticipated increase in aggregate demand results in an output beyond the economy's long-run capacity, long-run equilibrium will eventually be restored by
a. an increase in the economy's productive capacity (LRAS shifts to the right). b. higher resource prices, an increase in SRAS, and a decrease in the general level of prices. c. higher resource prices, a decrease in SRAS, and an increase in the general level of prices. d. a decrease in the natural rate of unemployment.