According to Ohman and Mineka,an Evolved Module

question 6

Multiple Choice

According to Ohman and Mineka,an evolved module

• A) is consciously activated.
• B) is relatively resistant to intentional efforts to suppress a resulting fear.
• C) allows a person to eliminate a fear-provoking stimulus in an effective way.
• D) are learned through classical and operant forms of conditioning.

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Definitions:

Asymmetric Information

A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance in the transaction.

Adverse Selection

A situation where the lack of symmetric information between buyers and sellers leads to transactions in which less desirable goods or services are more likely to be selected.

Moral Hazard

A situation where one party is more likely to take risks because they know the negative consequences will be borne by another party.

Asymmetric Information

A situation where one party in a transaction has more or better information than the other, leading to an imbalance of power and potentially inefficient market outcomes.