Our Awareness of Various External Stimuli and Internal Mental Processes

question 159

Multiple Choice

Our awareness of various external stimuli and internal mental processes, such as making decisions, daydreaming, reflecting, and concentrating, is called __________.

• A) consciousness
• B) creativity
• C) intelligence
• D) self-awareness

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Definitions:

Shortage/Surplus

A market condition where the quantity demanded is greater than the quantity supplied (shortage) or the quantity supplied is greater than the quantity demanded (surplus).

Price Floor

A government or group-imposed limit that prevents prices of goods or services from falling below a certain level.

Shortage/Surplus

A condition in a market where the quantity demanded is greater or less than the quantity supplied at the current price.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with all other things being equal.