Categorical Thinking and Related Perceptual Organization Activities

question 130

Multiple Choice

Categorical thinking and related perceptual organization activities:

• A)occur very quickly and mostly unconsciously.
• B)are usually avoidable when you are aware of them.
• C)tend to occur after you have a moment to think carefully about the information received.
• D)are mostly unconscious and occur slowly over several days.
• E)do not occur in most people.

---

Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the amount of the good that consumers are willing to purchase at that price.

Deadweight Loss

The reduction in economic efficiency that happens when equilibrium is not reached or is unattainable for a specific good or service.

Import Tariff

A tax imposed by a government on goods and services imported into its country to protect domestic industries from foreign competition.

Supply and Demand

Economic model of price determination in a market, showing the relationship between the quantity of goods that producers wish to sell at various prices and the quantity consumers wish to buy.