Name the Principle That States a Weak or Small Stimulus

question 136

Multiple Choice

Name the principle that states a weak or small stimulus does not require much change before a person notices that the stimulus has changed,but a strong or large stimulus requires a proportionately greater change before the change is noticed.

• A) Just noticeable difference
• B) Fechner's principle
• C) Weber's law
• D) Signal detection theory

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Definitions:

Socially Optimum

A state where resources are allocated in the most efficient way from a societal perspective, maximizing social welfare.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often discussed in the context of public goods and services.

Pigouvian Subsidy

A payment designed to encourage activities that yield external benefits.

Scenic Beauty

The visual appeal and aesthetic value of a particular landscape or location, often contributing to its desirability for recreation and tourism.