In the Little Albert Experiment on Conditioned Emotional Responses, Stimulus

question 69

Multiple Choice

In the Little Albert experiment on conditioned emotional responses, stimulus generalisation was shown when Albert showed the fear response to

• A) the rabbit.
• B) the rat.
• C) the loud noise.
• D) his mother.

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Definitions:

Long-Run Economic Profits

Profits that persist over time after all costs, including opportunity costs, are taken into account, indicating a competitive advantage.

Industry Equilibrium

A state where industry supply equals demand, leading to stability in prices and quantities produced and consumed.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating a firm's surplus beyond the normal profit level.

Price-Searcher Market

A market structure where sellers have the ability to control or influence prices due to a lack of perfect competition.