-Refer to the Diagram Above

question 126

Multiple Choice

-Refer to the diagram above.If this country imposes an import quota of 500 pairs of shoes per year,then producer surplus in equilibrium is equal to ____________________ per year.

• A) $2500
• B) $5625
• C) $10,000
• D) $11,250
• E) $20,000

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Definitions:

Two-factor Theory

in emotion, suggests that emotions are based on physiological arousal and cognitive labeling of that arousal.

Cognitive Activity

Mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

James-Lange Theory

A theory of emotion suggesting that emotions occur as a result of physiological reactions to events, implying that the body's response precedes the experience of emotion.

Cannon-Bard Theory

A theory of emotion that suggests that physical and emotional responses to stimuli occur simultaneously and independently.