The Process of Linking New Facts with Old Facts Already

question 109

Multiple Choice

The process of linking new facts with old facts already stored in the memory bank is called ________.

• A) association
• B) automatic memory
• C) rehearsal
• D) long-term memory

---

Definitions:

MRP

Marginal Revenue Product, the additional revenue generated by employing one more unit of a resource, critical in resource allocation.

Capital

Financial assets or resources that businesses or individuals use to generate wealth through investment, production, or development.

Labor

The physical and mental effort used in the production of goods and services, often considered one of the primary factors of production.

Marginal Physical Product

The extra yield obtained by employing an additional unit of a variable factor, while keeping all other factors unchanged.