The Cognitive Process in Which Active Concepts Frame Thoughts and Therefore

question 25

Multiple Choice

The cognitive process in which active concepts frame thoughts and therefore affect both value and meaning is known as _____.

• A) priming
• B) signaling
• C) prospecting
• D) assimilating
• E) positioning

---

Definitions:

Income Effect

How an alteration in income for either a person or an economic system influences the demand levels for a certain good or service.

Price Ceiling

A legally imposed maximum price on goods or services, beyond which they cannot be sold.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Surplus

A situation where the quantity supplied exceeds the quantity demanded, or when revenues exceed expenses.