Information Processing Involving the Ability to Strategically Choose Among and Sort

question 21

Multiple Choice

Information processing involving the ability to strategically choose among and sort out different stimuli in the environment is more generally known by what term?

• A)attention
• B)automatization
• C)storage
• D)retrieval

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Definitions:

Consuming

Consuming involves using up goods or services by purchasing, eating, or utilizing them to satisfy needs or wants.

Good

A material item or service that satisfies a need or desire and is available for purchase or trade.

Demand-Side

Economic policies or concepts focused on increasing demand for goods and services as a way to stimulate economic growth.

Market Failures

Situations where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.