A Person Goes into a Store and Buys a Computer

question 95

Multiple Choice

A person goes into a store and buys a computer for $1,210.In this case,price is acting as a

• A) resource.
• B) good.
• C) rationing device.
• D) capital instrument.
• E) factor of production.

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Definitions:

Gestalt

A psychological approach emphasizing the holistic and innate patterns of organization in perception and problem-solving, rather than focusing on individual components.

Psychophysical

Relating to the relationship between psychological processes and physical phenomena.

Organizational

Pertaining to the structure or arrangement of components within a system, often used in the context of businesses or institutions.

Gestalt Psychologists

Psychologists who focus on how people interpret the world and believe that the whole is greater than the sum of its parts.