The Minimum Amount of Stimulation a Person Needs to Detect

question 217

Multiple Choice

The minimum amount of stimulation a person needs to detect a stimulus 50 percent of the time is called the

• A)sensory midpoint.
• B)just noticeable difference.
• C)perceptual set.
• D)absolute threshold.

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Definitions:

Second Best

A concept in economics that suggests if all optimal conditions cannot be satisfied, the second-best option should be pursued.

Distortionary Tax

Taxes that cause people to alter their behavior in a way that distorts the allocation of resources from their most efficient uses.

Economic Choices

Decisions made by individuals, households, or firms regarding the allocation of scarce resources to satisfy needs and wants.

Income Tax

A tax levied by governments on individuals or entities' income, constituting a major source of government funding.