You Have Just Arrived at the Library to Study and Just

question 85

Multiple Choice

You have just arrived at the library to study and just as you are starting to read your assignment, a group of students at a nearby table begin a loud conversation. At first, these extra sounds annoy you, but you return to your reading and pretty soon, you are no longer aware of them, even though the students are continuing to talk. This example is most similar to what is known as:

• A) sensory adaptation.
• B) a perceptual set.
• C) transduction.
• D) a difference threshold.

---

Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, promoting trading benefits.

Trade Patterns

The trends and regularities observed in international trade, including what goods and services are traded, and with which partners countries trade.

Tight Money Policy

A monetary policy strategy aiming to reduce the money supply in the economy to control inflation or stabilize the currency.

Interest Rates

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.