Economists Think of Products as Being in the Same Market

question 14

Multiple Choice

Economists think of products as being in the same market if they

• A) Are traded in a particular geographic location
• B) Cannot be substituted for other goods and services
• C) Are highly interchangeable
• D) Produced by companies that complete with each other

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and learning techniques.

Transference

In psychoanalysis, the process by which patients displace onto their analysts feelings and ideas which derive from previous figures in their lives.

Psychodynamic Therapy

A therapeutic approach that emphasizes unconscious processes and past experiences in shaping current behavior and feelings.

Counterconditioning

A behavior therapy procedure that uses classical conditioning to evoke new responses to stimuli that are triggering unwanted behaviors.