_____ Is the Process by Which Life Experience Causes Change

question 36

Multiple Choice

_____ is the process by which life experience causes change in the behavior or thinking of an organism.

• A) Maturation
• B) Instinct
• C) Learning
• D) Adaptation

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Definitions:

Marginal Product

The increase in output that results from employing one more unit of a production factor, holding all other factors constant.

Income Distribution

How a nation’s total GDP is distributed amongst its population.

Income Effect

Refers to the change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.

Substitution Effect

The change in quantity demanded as consumers switch to or from alternatives when the price changes.