Economic Resources Have a Price Above Zero Because

question 7

Multiple Choice

Economic resources have a price above zero because

• A) there are no other uses for them.
• B) they cannot be easily moved from place to place.
• C) otherwise they would not be able to satisfy human wants.
• D) they are relatively scarce.
• E) they are unlimited in supply.

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Definitions:

Priming

The psychological phenomenon in which exposure to a stimulus influences the response to a subsequent stimulus, without conscious guidance or intention.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Flashbulb Memory

Highly detailed and vivid memory of the circumstances surrounding a particularly shocking or emotional event.

Memory Consolidation

The method through which transient memories become long-term, ensuring their stability and permanence.