An Action Potential

question 32

Multiple Choice

An action potential

• A)is an all or nothing response.
• B)may be stopped early on if the stimulus is removed.
• C)has various degrees of intensity depending on the stimulus.
• D)may last for several seconds depending on the stimulus.
• E)has all of these characteristics except it is NOT an all or nothing response.

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Definitions:

Deadweight Loss

Deadweight loss is an economic inefficiency that arises when a market outcome is not optimal, resulting in a loss of total surplus due to factors like taxes or monopolies.

Supply

The total amount of a product or service that is available for purchase at any given time.

Elastic

Describing a situation in economics where the demand or supply for a good or service significantly changes in response to changes in price.

Tax Rates

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of goods or activities.