When Danny Feeds His Fish, He Notices That They Swim

question 307

Multiple Choice

When Danny feeds his fish, he notices that they swim to the top as soon as he turns on the aquarium light. In this example, the ________ is the conditioned stimulus.

• A) fish swimming to the top
• B) fish food
• C) aquarium light
• D) presence of Danny near the aquarium

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Definitions:

Income

The total earnings acquired by an individual or business from various sources including work, investments, or sales, crucial for determining spending, savings, and investment decisions.

Utility Function

Reflects the consumer's preferences, assigning values to combinations of goods and services to indicate the satisfaction gained from them.

Compensating Variation

An economic concept that quantifies the amount of money needed to compensate someone for a policy change, maintaining their original utility level.

Consumption

The process by which goods and services are utilized by individuals or households to satisfy their needs and wants.