Memories That Concern Events That Are Highly Significant and Are

question 23

Multiple Choice

Memories that concern events that are highly significant and are vividly remembered are called __________.

• A)elaborative rehearsals
• B)flashbulb memories
• C)eidetic images
• D)eyewitness images

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Definitions:

MB = MC

The principle that optimal decision-making is achieved when the marginal benefit equals the marginal cost.

Unintended Consequences

Outcomes of a policy or action that were not foreseen or intended, often contrary to the original objectives.

Allocating Resources

The process of distributing available resources among various competing needs or projects in an efficient manner.

Invisible Hand

Adam Smith's metaphor describing the self-regulating nature of the marketplace that guides individuals to unintentionally benefit society through personal gain.