Answer:True
This term is usually used in the context of data centres.
Tom refused to accept Sam's input and change his attitude. Interestingly, the input provided by Sam further strengthened Tom's initial attitude. This is an example of a: <u>contrast effect</u>.
<u>Explanation</u>:
A contrast effect is the term used in psychology to explain the aggravation or decline, cognition or related performance as a result of consecutive or simultaneous exposure to a stimulus of lesser or greater value in the same dimension.
The type of contrast depends upon the how the participant considers a situation. There are two types of contrast effect. They are
i) Positive contrast effect
ii) Negative contrast effect
In the above scenario, Tom and Sam were discussing about the tax rates. Conflict arises between them when Sam objects Tom’s view on tax rates. Tom got aggravated and strengthened his attitude.
The correct answer is letter B
Consumer surplus is therefore a measure of economic well-being, and the higher its value, the greater the benefit to consumers in that market. We will thus have that the producer surplus is equivalent to the area of the polygon determined by the supply curve and a certain marketing price.
Consumer surplus is one component of the economic surplus, a concept that gained popularity with the English economist Alfred Marshall.
Answer:
The study of economics helps people understand the world around them. It enables people to understand people, businesses, markets and governments, and therefore better respond to the threats and opportunities that emerge when things change.
