The Process of Encoding Refers to

question 67

Multiple Choice

The process of encoding refers to

• A) the persistence of learning over time.
• B) the recall of information previously learned.
• C) getting information into memory.
• D) a momentary sensory memory lasting less than a second.

---

Definitions:

Binding Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, which is set below the market equilibrium price, leading to shortages.

Supply and Demand Relationships

Fundamental economic concepts that describe how the availability of goods (supply) and the desire for them (demand) interact to determine market prices and quantities.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied, resulting in market equilibrium.

Surplus

The amount by which the quantity of a good or service supplied exceeds the quantity demanded, often leading to a decrease in prices.