Nolen Is Buying Discount DVDs, but He Doesn't Want to Spend

question 380

Multiple Choice

Nolen is buying discount DVDs, but he doesn't want to spend more than $50. He quickly adds up the prices of the DVDs he's holding, using his _______________ memory.

• A)iconic
• B)procedural
• C)working
• D)echoic
• E)semantic

---

Definitions:

State

A politically organized body of people usually occupying a definite territory, especially one that is sovereign.

Liability Rule

A legal principle that governs how damages or losses are allocated in cases of harm or infringement, typically requiring compensation from the party at fault.

Garden Gnome

Decorative figurines of mythical gnomes, typically placed in gardens or on lawns.

Coase Theorem

A concept in economics that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property.