Examlex
Pavlov found that once he conditioned a dog to salivate in response to a tone, a tone that was slightly higher or lower in pitch would also make the dog salivate. This phenomenon is called:
Microeconomics
The branch of economics that studies the behavior of individuals and businesses in making decisions on the allocation of limited resources.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
Positive Statements
Assertions about the world that are objective and can be tested by referring to the available evidence.
Value Judgments
Assessments or opinions based on personal values, ethics, or standards, rather than objective data.
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