If a Fast Food Restaurant Was One of Many Hiring

question 14

Multiple Choice

If a fast food restaurant was one of many hiring workers, the minimum wage was $7.25 an hour and it was paying $7.25 an hour, an increase in market demand so that the new equilibrium was $9.00 per hour would cause them to

• A)lower their offering wage to $6.50 an hour.
• B)raise their offering wage to $9.00 an hour.
• C)do nothing differently.
• D)pay between $7.25 and $9.00.

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Definitions:

Explicit Memories

Memories that one can intentionally bring to mind, including specific events and factual information.

Episodic Memory

The type of memory that involves the recollection of specific events, situations, and experiences.

Semantic Memory

A type of long-term memory involving the capacity to recall words, concepts, or numbers, which is essential for the use and understanding of language.

Retrieval Cues

Stimuli that help you retrieve a certain memory.