The Duration and Capacity of Short-Term Memory Are Best Described

question 144

Multiple Choice

The duration and capacity of short-term memory are best described as ____.

• A) large in capacity and long in duration
• B) small in capacity and long in duration
• C) small in capacity and short in duration
• D) large in capacity and short in duration

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Definitions:

Principal

The original sum of money borrowed in a loan, or the initial amount of investment, excluding any interest or profits.

Agent

In economics, an agent is an individual or entity that makes decisions, often in the context of trading or negotiating, on behalf of another person or group.

Informational Asymmetry

A situation where one party in a transaction has more or superior information compared to another. This often leads to an imbalance in power or decision-making.

Hidden Action

A situation in principal-agent relationships where the agent's actions are not fully observable by the principal, potentially leading to agency problems.