The Condition of Scarcity

question 49

Multiple Choice

The condition of scarcity:

• A) cannot be eliminated.
• B) prevails in poor economies.
• C) prevails in rich economies.
• D) All of these.

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Definitions:

Levels-Of-Processing Principle

A theory in cognitive psychology suggesting that the depth (shallow to deep) of mental processing affects memory recall, with deeper levels of processing leading to longer-lasting memory retention.

Retroactive Interference

The process by which new information impairs the retrieval of previously learned information.

Proactive Interference

A memory error that occurs when older information interferes with the recall of newer information.

Levels-Of-Processing Principle

A theory suggesting the depth of mental processing affects memory recall, with deeper levels of analysis producing more durable memory traces.