Which of the Following Is an Example of a Semantic

question 37

Multiple Choice

Which of the following is an example of a semantic memory?

• A) I remember my earth science teacher telling me how volcanoes erupt.
• B) I remember seeing a volcano erupt in Hawaii last summer.
• C) I remember the big island of Hawaii has many active volcanoes.
• D) I remember "volcano" was the first word on the list Juan read to me.

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Definitions:

Externality

An external effect, either positive or negative, on a party not involved in a transaction or activity.

Property Rights

Legal rights to use, control, or dispose of property, including real estate, intellectual property, and personal assets.

Scarce Resources

Fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, leading to the necessity of allocation decisions.

Individual

A single human being apart from a society or community, often considered as an independent entity in economic theories.