The Smallest Difference Between Two Stimuli That Enables Us to Tell

question 21

Multiple Choice

 The smallest difference between two stimuli that enables us to tell the difference between them is called the _____.

• A) necessary difference
• B) difference threshold
• C) discriminant equation
• D) determinant level

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Definitions:

Capital

Wealth in the form of money or assets, used in the production of more wealth.

Depression

An extended period of significant decline in economic activity across an economy, characterized by high unemployment, low consumer spending, and reduced industrial output.

Full Employment

A situation in an economy where all available labor resources are being used in the most economically efficient way, often characterized by the absence of cyclical unemployment.

Unemployment Rate

The statistic representing the percentage of the labor force that is out of work but seeking employment.