A Temporary Factor- Price Differential Is One Which

question 98

Multiple Choice

A temporary factor- price differential is one which

• A)derives from intrinsic differences in the factors themselves.
• B)is seldom self- eliminating.
• C)will tend to be eliminated in the long run.
• D)will hamper the reallocation of resources from declining to growing industries.
• E)will reflect a permanent state of disequilibrium.

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Definitions:

Classical Conditioning

A learning process that pairs a neutral stimulus with a stimulus that naturally produces a response until the neutral stimulus alone produces the same response.

Phobias

Intense, irrational fears of specific objects or situations that significantly interfere with an individual's daily life.

Obsessive-Compulsive Disorder

A mental health disorder characterized by recurring, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) as a way to cope with anxiety.

Obsessions

Persistent, unwanted thoughts, images, or impulses that invade an individual's consciousness, often causing significant anxiety or distress.