If Someone Asks You to Name All the Teachers That

question 360

Multiple Choice

If someone asks you to name all the teachers that you had in elementary school and you are able to remember their names, you have just exhibited __________ memory.

• A)implicit
• B)semantic
• C)contextual
• D)explicit

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Definitions:

Risk-Averse

A characteristic describing individuals or entities that prefer to avoid risks and favor more certain outcomes.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Income

Money that an individual or business receives in exchange for providing a good or service or through investing capital.

Utils Per Dollar

An economic concept used to measure the amount of utility or satisfaction a consumer receives per dollar spent.