As a Part of a Requirement for Her Graduate Degree

question 69

Multiple Choice

As a part of a requirement for her graduate degree in psychology,Julia and her classmates needed to practice techniques in hypnosis.Julia volunteered to be hypnotized.According to the textbook,which of the following is a technique that her classmate would most likely use to hypnotize her?

• A)suggestions to stay alert and pay attention
• B)administering a psychoactive drug
• C)waving hands in a swift abrupt manner
• D)having Julia concentrate on a color or a small object

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Definitions:

Quota Rent

Quota Rent is the economic rent a producer earns from the difference between the domestic price and the world price due to a quota system limiting imports.

Demand Price

The highest price a consumer is willing to pay for a good or service.

Supply Price

The minimum price at which a seller is willing to sell a good or service, influenced by production costs and market conditions.

Medallion System

A regulatory system often applied to taxis, where a finite number of medallions or permits are issued, allowing the holder to operate a taxi.