An Example of a Public Good Is

question 60

Multiple Choice

An example of a public good is

• A) national defence.
• B) transfer payments.
• C) government pension payments.
• D) both A and C.
• E) lump sum taxes.

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Definitions:

Miller

Refers to George A. Miller, a notable psychologist best known for his theory on the limitations of short-term memory capacity, famously summarized as "the magical number seven, plus or minus two."

Chunking

A cognitive strategy for organizing information into more manageable parts or groups to enhance learning and memory recall.

Displacement

A psychological defense mechanism in which a person redirects an emotional response from the rightful recipient to another, less threatening source.

Rehearsal

A cognitive process involving the repetition of information to be remembered, enhancing memory retention.