If One Variable Has a Smaller Effect When Paired with Higher

question 51

Multiple Choice

If one variable has a smaller effect when paired with higher levels of a second variable, you have an)

• A) synergistic interaction
• B) antagonistic interaction
• C) ceiling effect interaction
• D) main effect

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Definitions:

Completeness

A principle in consumer theory stating that consumers can rank all possible bundles of goods in terms of preference.

Transitivity

In preferences, it's the principle that if option A is preferred to B, and B is preferred to C, then A should be preferred to C.

Nonsatiation

The assumption in economics that more of a good or service is always preferred to less, implying that there is no saturation point in consumption.

Prefer

Expressing a choice or inclination towards one option or item over another.