You Were Driving Your Car Home When You Hit a Patch

question 27

Multiple Choice

 You were driving your car home when you hit a patch of slippery road. Your car spun around in a circle, but ended up still on the road and heading the right direction. It happened so fast that you didn't think you even had time to be scared. However, when you tried to put your foot on the gas pedal, you noticed that your foot was shaking so much that you couldn't accelerate. Then you realized how frightened you were. This experience offers support for the _________ theory.

• A) Cannon-Bard
• B) James-Lange
• C) Schachter-Singer
• D) general adaptation

---

Definitions:

Economic Profits

The surplus left after total costs (including both explicit and implicit costs) are subtracted from total revenues.

Short-Run Marginal Costs

Costs associated with producing one more unit of a good or service in the short term, where some inputs are fixed.

Market Price

The current price at which an asset or service can be bought or sold in the open market.

Profit-Maximizing Firm

A business entity whose primary goal is to achieve the highest possible profits through their operations and investment strategies.