Examlex
Why does it make sense for a firm to shut down in the short run if the price falls below minimum average variable cost?
Encoding Specificity Principle
A principle in psychology that suggests the recall of information is more effective when the context at the time of encoding matches the context at the time of retrieval.
State-Dependent Memory
The phenomenon where information learned in a particular state or context is better recalled when in that same state or context.
Priming
A psychological effect whereby exposure to one stimulus influences the response to a subsequent stimulus, without conscious guidance or intention.
False Memories
An inaccurate or distorted recollection of an event that feels very real to the person remembering it.
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