The Value of a Good

question 184

Multiple Choice

The value of a good

• A) depends on many factors, including who uses it and under what circumstances.
• B) is determined by the cost of producing it.
• C) depends on the labor necessary to supply the good.
• D) can be measured objectively by a survey of manufacturers of the good.

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Definitions:

Perceptual Constancy

Perceiving objects as unchanging (having consistent color, brightness, shape, and size) even as illumination and retinal images change.

Figure-Ground

The organization of the visual field into objects (the figures) that stand out from their surroundings (the ground).

Linear Perspective

A technique in art to create an illusion of depth on a flat surface by converging parallel lines towards a single point on the horizon.

Perceptual Adaptation

The ability to adjust to changed sensory input, including an artificially displaced or even inverted visual field.