Which of the Following Statements Is True of Difference Thresholds

question 38

Multiple Choice

Which of the following statements is true of difference thresholds?

• A)They increase as a stimulus becomes stronger.
• B)They are irrelevant and competing stimuli.
• C)They are the minimum amount of stimulus energy that a person can detect.
• D)They increase the ability to perceive information below the level of conscious awareness.

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Definitions:

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Comparative Advantage

The capacity of a nation, person, business, or area to generate a product or offer a service with a smaller opportunity cost compared to its rivals.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.

Alternative Goods

Products or services that can be used in place of each other, offering consumers choices based on price, preference, or availability.