If You Boil Down the Paragraphs in Most Textbooks to One

question 62

Multiple Choice

If you boil down the paragraphs in most textbooks to one or two important terms or ideas, your memory chores have been made more manageable through

• A)selection.
• B)rote learning.
• C)elaborative processing.
• D)serial positioning.

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Definitions:

Current Account

A segment of a nation's balance of payments that comprises the balance of trade, net primary income, and net secondary income.

Deficit

The amount by which expenses or costs exceed income or revenues, especially in the context of government budgets.

Surplus

A condition where the quantity supplied of a good exceeds the quantity demanded at the current price.

Inflation

The pace at which average prices for products and services climb, reducing the value of money.