Psychologists Use Techniques Based on ___________

question 2

Multiple Choice

Psychologists use techniques based on ___________.

• A)cultural ethnocentrism
• B)objective introspection
• C)philosophical logic
• D)the scientific method

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Definitions:

Diminishing Returns

A principle stating that as one factor of production increases while others remain fixed, there will eventually be a decrease in the incremental output gained.

Normal Rate

A standard or usual level of financial return on investment or interest on loans.

Supply

The total amount of a product or service that is available to consumers at a given price over a specific period.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.