You Are Asked to Sketch a Picture of Your General

question 87

Multiple Choice

You are asked to sketch a picture of your General Psychology lecture hall. While you never actually tried to remember the types of chairs and the color of the carpet, you are told that your drawing has a number of features correct. Your memory for you classroom would be an example of __________ memory.

• A) implicit
• B) declarative
• C) procedural
• D) recognition

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Definitions:

Incentive

A factor, either monetary or non-monetary, that motivates individuals or entities to perform an action or engage in a certain behavior.

Long Run

A period of time in economics sufficient for all markets to adjust to changes, including those of supply and demand.

Economic Profits

The total revenue of a business minus its explicit and implicit costs; a measure of incremental gain over the total costs, including opportunity costs.

Supply Curve

A graph showing the relationship between the price of a good and the quantity supplied by producers.