Suppose Li Min Looks Up a Number in the Telephone

question 248

Multiple Choice

Suppose Li Min looks up a number in the telephone book. After getting a busy signal, a minute or so later she tries to call again-but has already forgotten the number! This example illustrates the limited duration of __________ memory.

• A) sensory
• B) short-term
• C) echoic
• D) implicit

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Definitions:

Domestic Opportunity Cost

The cost of forgoing the next best alternative when choosing to produce a good or service domestically.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.

Domestic Opportunity Cost

The cost of forgoing the next best alternative use of a country's resources when choosing to produce a particular good or service.

Domestic Supply

The total amount of a good or service that is available from domestic producers within a country, influencing national prices and availability.