One Knows That Cows Produce Milk

question 51

Multiple Choice

One knows that cows produce milk. If this knowledge has grown out of one's repeated experiences observing cows being milked, this would suggest that:

• A) episodic memory grows out of semantic memory.
• B) semantic memory grows out of episodic memory.
• C) episodic memories are learned in a single exposure.
• D) semantic memories are learned in a single exposure.

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Definitions:

Relative Opportunity Costs

The loss of potential gain from other alternatives when one alternative is chosen, expressed in terms of the ratio between the cost of the chosen alternative and the cost of the next best alternative.

Opportunity Cost

The cost of forfeiting the next best alternative when one option is chosen over another.

Comparative Advantage

The capability of a company, individual, or country to manufacture a product or offer a service with a reduced opportunity cost than competing entities.

Specialization

The process of focusing efforts and resources on a limited range of activities, goods, or services to gain efficiency or expertise.