Economists Generally Assume That

question 35

Multiple Choice

Economists generally assume that

• A)firms act to maximize the dividends paid to stockholders
• B)households act to maximize their wealth
• C)households act to maximize utility
• D)firms act to maximize revenue
• E)both households and firms act to minimize expenditures

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Definitions:

Latent Learning

describes the process by which learning takes place without immediate evidence of that learning, often becoming apparent through a change in behavior when it's beneficial.

Mary Cover Jones

An early psychologist known for her work on desensitization and counterconditioning, particularly in relation to overcoming fears.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Fear

An emotional response to perceived or real threats.