Every Week,Jade Spends Her Allowance on Sour Lemon Gummy Candies

question 17

Multiple Choice

Every week,Jade spends her allowance on sour lemon gummy candies even though they always make her mouth water.One day,as she is walking down the street,Jade sees a girl carrying a little white bag that looks like a candy shop bag! Jade notices that her mouth is puckering and overflowing with saliva.In this example,the unconditioned stimulus is the

• A)little white bag
• B)allowance money
• C)puckering and saliva
• D)sour lemon gummy candy

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Definitions:

Gains From Trade

Gains achieved by dividing tasks and trading; in this way people can get more of what they want through trade than they could if they tried to be self-sufficient.

Total Surplus

The sum of consumer surplus and producer surplus; a measure of the total benefit to society from a market transaction.

Consumer Surplus

The differential between consumers’ readiness to pay a certain amount for a service or good and the payment completed.

Equilibrium

The condition in a market where the quantity demanded equals the quantity supplied, leading to no inherent force for price change.