A Hybrid Attention Model Assumes That

question 16

Multiple Choice

A hybrid attention model assumes that

• A) the attention needed to detect a stimulus and perform based on a learned association is different from the attention needed to learn about a stimulus.
• B) the attention needed to detect a stimulus is the same as attention needed to learn about it, but learning and performance are different systems.
• C) one-trial blocking is the result of exploring things already known about the US.
• D) attention is based on performance and learning is based on the US.

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Definitions:

Long-Run Equilibrium

A situation in economic analysis where all inputs can be adjusted, and firms have no incentive to enter or exit the industry.

Economic Profit

The total revenue minus total costs, including both explicit and implicit costs.

Competitive Market

A market structure characterized by a large number of sellers and buyers, where no single party can dictate prices or market conditions.

Price-Taker Industry

An industry in which individual firms have no control over the price set by the market and must accept the prevailing price.