A Good Reason for Taking Notes in Your Own Words

question 86

Multiple Choice

A good reason for taking notes in your own words, rather than verbatim, is that

• A) most lecturers are quite wordy.
• B) "translating" on the spot is a helpful mental exercise.
• C) this reduces the likelihood that you will later engage in plagiarism.
• D) this forces you to organize the information in a way that makes sense to you.

---

Definitions:

Equilibrium Price

The price level at which the market's offered goods and demanded goods are in balance.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total benefits to society from a market transaction.

Equilibrium Price

The market valuation where the supply of products equals the demand for products.

Gains From Trade

The benefits that parties obtain from engaging in voluntary trading, often leading to an increase in overall welfare and efficiencies.