Which of the Following Is an Example of the Word-Superiority

question 204

Multiple Choice

Which of the following is an example of the word-superiority effect?

• A) People who live in Alaska know more words pertaining to snow than most people in Florida know.
• B) People who start by learning the names of all the parts of an automobile engine eventually become superior auto mechanics.
• C) People with a large vocabulary generally do better in school than people with a more limited vocabulary do.
• D) People can identify the word WEST more easily than they can identify the letter W, after seeing both for just a split second.

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Definitions:

Barriers To Entry

Economic or legislative obstacles that prevent new competitors from easily entering an industry or area of business.

Monopoly Power

The degree of power held by a singular entity to control prices or exclude competition within a market.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market more efficiently than multiple firms due to high fixed or startup costs.

Economies Of Scale

The cost advantage that arises with increased output of a product, as fixed costs are spread over more units of production, reducing the cost per unit.