The Smallest Level of Added or Reduced Stimulation Required to Sense

question 128

Multiple Choice

The smallest level of added or reduced stimulation required to sense that a change in stimulation has occurred is known as the _____.

• A)difference threshold
• B)absolute threshold
• C)adaptation threshold
• D)intensity threshold

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Definitions:

Price

The amount of money required to purchase a good or service.

Comparative Advantage

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

Absolute Advantage

Refers to the capability of an entity to produce a good or service more efficiently than its competitors using the same amount of resources.

Opportunity Cost

The cost of missing out on the next best alternative when making a decision.