Which of the Following Will Most Likely Happen When a Person's

question 123

Multiple Choice

Which of the following will most likely happen when a person's income increases, other things being equal?

• A)The budget line will shift outward.
• B)The indifference curves will shift downward.
• C)The indifference curves will shift outward.
• D)The budget line will become steeper.
• E)The budget line will become flatter.

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Definitions:

Habituation

The psychological process through which an individual becomes accustomed to a stimulus and hence reacts less strongly over time.

Stimulus

Any external event or circumstance that provokes a sensory or behavioral response in an organism.

Operant Conditioning

Learning in which changes in behavior are shaped by the consequences of that behavior, thereby giving rise to new and more complete behaviors.

Phonemes

The smallest unit of sound in a language that can distinguish one word from another.