The Paradox of Value as It Applies to Diamonds and Water

question 44

Multiple Choice

The paradox of value as it applies to diamonds and water can be explained by

• A)distinguishing between utility and price.
• B)water having a high level of marginal utility relative to diamonds.
• C)water having a low price relative to diamonds.
• D)the fact that utility can't be measured.
• E)distinguishing between total utility and marginal utility.

Recognize factors that influence the accuracy of flashbulb memories.

Distinguish between different types of memory storage (sensory register, working memory, short-term storage).

Describe the phenomena related to sensory memory, including its duration and impact.

Understand serial position effects on memory recall.