In Which Subsystem of Long-Term Memory Is Your Knowledge of How

question 37

Multiple Choice

In which subsystem of long-term memory is your knowledge of how to drive a car and how to ride a bike stored?

• A)episodic memory
• B)semantic memory
• C)nondeclarative (implicit) memory
• D)declarative (explicit) memory

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Definitions:

Opportunity Cost

In economics, it refers to the benefit lost when choosing one alternative over another.

Mutual Fund

An investment vehicle comprising a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, or other assets.

Explicit Costs

Direct, out-of-pocket expenses incurred in the operation of a business, such as wages, rent, and materials.

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, without having to pay rent or purchase them.