If We Wear Glasses That Turn the Image of the World

question 60

Multiple Choice

If we wear glasses that turn the image of the world upside down, the brain:

• A)will immediately compensate and turn the world right side up again.
• B)after some time will correct the distortion and turn the world so it is right side up again.
• C)will be unable to function until the glasses are taken off.
• D)cannot compensate, but while the world is upside down we very rapidly adapt our behavior.

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Definitions:

Substitutes Availability

The presence of alternative products or services that consumers can turn to when the price of a good increases or its quality decreases.

Supply Curves

A graph that shows the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale at that price.

Long-Run Supply

The relationship between the price of a product and the quantity of the product a firm is willing to supply, considering all inputs are variable and adjusting to new market conditions over time.

Resource Supply

The total availability of resources, such as raw materials, labor, and capital, which can be used for production.