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Brian Cannot Remember Whether He Told His Parents That He

question 98

Multiple Choice

Brian cannot remember whether he told his parents that he would be bringing his fiancé over for dinner on Sunday,or if he had just reminded himself to tell them.Which of the following statements best describes processing in this type of scenario?


Definitions:

Opportunity Cost

The expense incurred by not selecting the second best choice while making a decision or opting among alternatives.

Debt Default

The failure to meet the legal obligations of a loan, such as not making scheduled payments on time.

U.S. Federal Budget

The government's estimate of revenue and spending for a fiscal year that is proposed by the President and approved by Congress.

Federal Deficits

The shortfall where the government's expenditures exceed its revenues within a specific fiscal year.

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