Jonathan Studied for the Exam the Night Before

question 43

Multiple Choice

Jonathan studied for the exam the night before. When he went to answer the questions, he found that most of what he had read was no longer in his memory. According to Ebbinghaus, when did the majority of the forgetting occur?

• A) During breakfast, as Jonathan read the daily newspaper.
• B) Immediately after Jonathan finished reading his notes the night before
• C) As soon as Jonathan steppedto the exam room.
• D) As Jonathan studied.

---

Definitions:

First Welfare Theorem

An economic principle stating that under certain conditions, competitive markets (with no externalities) will lead to a Pareto efficient allocation of resources.

Pure Exchange Economy

An economic model where all agents are consumers, and the only economic activities are the consumption and exchange of goods, with no production.

Numeraire

A standard unit of account in which prices and values are expressed; it serves as a measure for comparing the worth of goods or services.

Endowed

Provided with a quality, ability, or asset.