When Memory Tests Are Given to People of Various Ages

question 37

Multiple Choice

When memory tests are given to people of various ages at different times of the day, researchers have found that

• A) young adults do about the same as older adults in the morning.
• B) young adults do considerably worse than older adults late in the day.
• C) young adults and older adults do about the same late in the day.
• D) older adults do considerably better than young adults in the morning.

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Definitions:

Efficiency Loss

The decrease in economic efficiency resulting from the inability to reach or achieve the equilibrium for a product or service.

Sacrificed Output

The production or output that is given up as a consequence of choosing one option over another, often discussed in opportunity cost analysis.

Tax

A compulsory financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Net Value

Net value is the difference between the total assets and total liabilities of a company or individual, indicating the actual worth.