When Asked to Tell What Happens in a Restaurant,3-Year-Old Alexander

question 99

Multiple Choice

When asked to tell what happens in a restaurant,3-year-old Alexander says,"You go in,sit down,get food,eat,and pay." Alexander is using __________.

• A) scripts
• B) semantic memory
• C) autobiographical memory
• D) memory strategies

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Definitions:

Utility

In the field of economics, the complete enjoyment or benefit derived from the consumption of a product or service.

Consumer Surplus

The discrepancy between what consumers are prepared and capable of paying for a product or service and the actual amount they end up paying.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at different prices.

Water-Diamond Paradox

A paradox that questions why diamonds are expensive and water is cheap when water is essential for survival and diamonds are not.