Devon and Liz Are Studying for Their Test on Canadian

question 18

Multiple Choice

Devon and Liz are studying for their test on Canadian history.Devon asks Liz,"Hey,do you remember who the fourth prime minister of Canada was?" Liz pauses for a few seconds and then answers,"John Abbott." As soon as she answers,her cell phone rings.It is her friend Carla,and Liz talks to her for about 10 minutes.When she gets off the phone,Devon says,"Liz,I didn't hear you.Who was the fourth prime minister?" Liz thinks for a few moments and then realizes that she has forgotten the answer.This scenario illustrates the importance of memory:

• A)misattribution.
• B)rehearsal.
• C)consolidation.
• D)reconsolidation.

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Definitions:

Price Policy

A strategy adopted by a company or government to set the sale price of goods or services, often to regulate market behavior or achieve economic objectives.

Market Power

The ability of a company or group to manipulate or control prices and output in a market.

Intense Competition

A market situation characterized by a high level of rivalry among businesses, often leading to innovations and lower prices for consumers.

Entry-Restricting Legal Barriers

Regulations and legal requirements that limit the ability of new competitors to enter an industry.