The benefit received from paying less for a good than the maximum amount that the person is willing to pay for it. Thus, if a person is willing to pay up to $3 for something, but the market price is $1, then the net economic benefit for that item is $2.
Answer:
C. perceptual set.
Explanation:
Perceptual set: The term perceptual set, in psychology, is defined as a group of a person's expectations that form experience by making the person sensitive or responsive to the particular sort of information. The term perceptual set is also referred to as perceptual expectancy. It can occur in each kind of sense and is a susceptibility to discern things in a specific way.
In the question above, the statement given best illustrates the impact of the perceptual set.
Answer:
Telegraphy, is the right answer.
Explanation:
Telegraphy is the long-distance communication of textual information where the sender practices emblematic languages, known to the receiver, rather than a material transfer of an article carrying the information. Thus flag semaphore is a system of telegraphy. Though the ancient system of signalling was more extensive complex as in China, were usually not competent in transferring temporary text messages.
As per the question, Joe’s attempt to communicate using on a few essential words can be described as Telegraphy.
