Which of the Following Is True of Memory

question 6

Multiple Choice

Which of the following is true of memory?

• A) Long-term memory can get so full that it is difficult to encode new things.
• B) The more you know the easier it is to encode new things.
• C) Low ability students have trouble learning, even in domains in which they have a lot of prior knowledge.
• D) Scripts are an example of rote memorization, such as a list of the presidents.

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Definitions:

Quantity Effect

The impact on total revenue when the quantity sold changes while the price remains the same.

Marginal Cost

The increased expenditure resulting from making an additional unit of a product or service.

Oligopoly

A market structure characterized by a small number of firms that have significant market power, leading to limited competition.

Price Fixing

An illegal practice where businesses collude to set prices at a certain level, rather than allowing market forces to determine them.