Examlex
Gina is so fearful of taking tests for college courses that she experiences mild anxiety when registering for a course,intense anxiety when studying for a test,and extreme anxiety when answering actual test questions.Her greatest fear,however,is experienced while waiting for a professor to hand out tests.During the process of systematically desensitizing her test anxiety,the therapist is likely to ask Gina first to imagine
Income Effect
The change in consumption resulting from a change in real income, typically due to a price change of goods or services.
Marginal Satisfaction
The change in satisfaction or utility that a consumer experiences from consuming an additional unit of a good or service.
Utility-Maximizing
The economic principle that consumers choose combinations of goods and services to maximize their satisfaction or utility under budget constraints.
Economic Theory
A set of principles and models that explain how economic agents interact and how economies function.
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