One of the Many Reasons for Getting an Education Is

question 708

Multiple Choice

One of the many reasons for getting an education is because

• A) long-term memory is almost "filled up" by age 25 so it is important to "fill it up" with important information.
• B) long-term memory is stored mainly by sound (phonetically), and most education is transmitted orally in lectures.
• C) the more you know, the easier it becomes to add new information to one's long-term memory.
• D) it prevents the procedural long-term memories from being lost due to disuse.

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Definitions:

Herfindahl-Hirschman Index

A measure used to assess the market concentration and competition level within an industry, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Market Share

The portion of a market controlled by a particular company or product, indicative of competitiveness.

Herfindahl Index

Measures the concentration of market power within an industry, calculated by summing the squares of the market share percentages held by the various firms within the market.

Herfindahl-Hirschman Index

The Herfindahl-Hirschman Index (HHI) is a measure of market concentration used to determine the level of competition within an industry, calculated by squaring the market share of each firm competing in the market and summing the resulting numbers.