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Karl and Arlene Are Staring at an Uprooted Tree That

question 87

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Karl and Arlene are staring at an uprooted tree that fell in a storm.Karl can't imagine why it fell until he sees a major gust of wind come through; then he understands.Arlene is thinking about why she is sad that the tree fell and how that thought arose in her mind.In this example,Arlene is exhibiting ________ thought,while Karl is showing ________ thought.


Definitions:

Marginal Revenue Product

The additional income yielded by deploying one more unit of a component, for instance, labor or capital.

Economic Resource

An asset that is used in the production of goods and services, including natural, human, and capital resources.

Product Price

The monetary value assigned to a good or service for sale.

Total Output

The aggregate amount of goods and services produced by an economy over a specific time period.

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