Which Term Refers to the Process in Which an Environmental

question 17

Multiple Choice

Which term refers to the process in which an environmental stimulus triggers a response that compensates for changes in the internal/external environment?

• A) physiological feedback
• B) positive feedback
• C) negative feedback
• D) anatomical feedback

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Definitions:

Industry Rivals

Companies within the same industry that compete with one another for market share and profitability.

Erode Producer Profits

The process by which factors such as increased competition or higher costs reduce the profits that producers can make.

Producer Surplus

The additional revenue producers earn by selling a product at a market price above their minimum acceptable price.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.