Information in Short-Term Memory Is Retained ________

question 76

Multiple Choice

Information in short-term memory is retained ________.

• A)for about 60 seconds
• B)as long as it is rehearsed
• C)for several seconds without rehearsal
• D)up to several minutes

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Definitions:

Five Fundamental Questions

The five fundamental questions refer to key economic questions any economy faces about what goods to produce, how to produce them, for whom to produce, how to accommodate change, and how to promote innovation.

Scarce Supply

A situation where the availability of a product or service is limited relative to the desire or demand for it.

Market System

A market economy characterized by investment, production, and distribution decisions that are influenced by the forces of supply and demand, with the prices of goods and services being established in a system where they are allowed to fluctuate freely.

Private Ownership

The legal possession of assets, resources, or property by individuals or corporations rather than by the state or public entities.