Joe Pays $8,000

question 47

Multiple Choice

Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists call

• A) a relative price.
• B) a money price.
• C) an indexed price.
• D) an opportunity price.

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Definitions:

Perceptual Learning

A process through which practice or experience leads to improvements in the processing of sensory information.

Featural Analysis

A process in object recognition and perception involving the breakdown and analysis of sensory input into fundamental features or components.

Face Perception

The classification and recognition of stimuli that are faces.

Gestalt Psychology

A school of psychology emphasizing the study of whole entities rather than simple elements. Gestalt psychologists concentrate on problems of perception and problem solving, and they argue that people’s cognitive experience is reducible not to their experience of simple elements (e.g., sensations) but rather to the overall structure(s) of their experience.