A Shift in Demand for a Given Factor of Production

question 74

Multiple Choice

A shift in demand for a given factor of production will NOT occur if:

• A)the price of that factor falls.
• B)the productivity of that factor increases.
• C)the productivity of that factor decreases.
• D)there is a decrease in the price of a substitute factor.

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Definitions:

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time, allowing organisms to focus on changes in their environment.

Subliminal Stimulation

A sensory or psychological input that is below an individual's threshold for conscious perception, yet can influence thoughts or actions.

Sensory Receptors

Sensory receptors are specialized cells or nerve endings that respond to changes in the environment by sending signals to the central nervous system, enabling perception.

Bottom-up Processing

An approach to information processing that starts with the sensory input and builds up to the final representation in the brain.