When Martha Was Young, She Spent Lots of Time Working

question 14

Multiple Choice

When Martha was young, she spent lots of time working with horses. Now at the age of 71, she still has a basic knowledge of the meaning of specific horse riding terms despite not being around horses in several years. This is an example of

• A) prospective memory.
• B) semantic memory.
• C) narrative method.
• D) episodic memory.

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Definitions:

Disposable Income

Funds households can allocate for spending and saving purposes after income taxes are subtracted.

Consumption

The use of goods and services by households, representing the end-use of products and services in an economy.

Saving

The act of setting aside a portion of current income for future use, typically in a bank account, investments, or other forms of saving vehicles.

Consumption

The process of using up goods and services to satisfy human wants or needs.