Category: Economics

All of the following statements are true regarding social insurance except

David consumes two things: gasoline(G)function is U(g1, 92)= 10 g0.25g.75

➤ What were the major changes in the 1968 Florida Constitution?
Major changes included reorganization of the executive branch, clearer judicial structure, expanded local home rule, updated taxation and finance rules, and modern language replacing outdated clauses. The revision also addressed legislative apportionment to reflect one-person, one-vote principles and created procedures for future amendments and constitutional review.

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➤ How will Hulu’s market share change when Netflix cuts price?
Hulu’s market share will likely decline if many subscribers prefer the cheaper Netflix option. The degree of loss depends on relative price change, exclusive content, brand strength, and bundling deals. Hulu may retain niche segments or ad-supported viewers while overall share falls among highly price-sensitive consumers.

➤ Why is reinforcement central to operant conditioning and not classical conditioning?
Reinforcement links actions to outcomes. Operant conditioning relies on positive or negative reinforcement and punishment to increase or decrease voluntary behaviors. Classical conditioning does not require consequences; it depends on repeated pairing of stimuli to elicit reflexive responses. Thus reinforcement shapes instrumental behavior, while association and contingency control automatic responses.