Signals

question 115

Multiple Choice

Signals

• A) have no importance in economics.
• B) convey information about the profitability of various markets.
• C) are only a characteristic of competitive markets.
• D) lead to less competition in markets.
• E) result in less information in a market.

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Definitions:

Hypothalamus

A region of the brain responsible for regulating various bodily functions, including hunger, thirst, temperature, and emotional responses.

Higher-Order Conditioning

A conditioning process where a stimulus that has become a conditioned stimulus (CS) is used to condition a new stimulus, creating another CS without direct association with the unconditioned stimulus.

Conditioned Response (CR)

A learned reaction to a conditioned stimulus.

Conditioning

The process of training or accustoming a person or animal to behave in a certain way or to accept certain circumstances.