Fritz, an Entomologist, Asserts That an Insect Species He Has

question 221

Multiple Choice

Fritz, an entomologist, asserts that an insect species he has studied has an innate tendency to play dead in the dark. This pattern appears to be unlearned and universal to the species. Fritz is describing

• A) a reflex.
• B) a motive.
• C) a classically conditioned response.
• D) an instinct.

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Definitions:

Short-Run Equilibrium

A state in which market supply and demand balance out at a specific price level, usually considered within a timeframe where some factors are fixed.

Zero Economic Profits

A situation where a firm's total revenues exactly equal its total costs, leading to no net profit or loss after considering both explicit and implicit costs.

Normal Profits

An economic condition where a firm's total revenue is equal to its total costs, allowing it to cover all its opportunity costs.

Shutdown Point

The point in business operations where the revenue from the sale of goods or services is equal to the variable costs, beyond which the business would incur losses.