Figure 6-4 -Facing Stiff Competition, Hendrix College, a Small Liberal Arts Institution

question 156

Multiple Choice

Figure 6-4
-Facing stiff competition, Hendrix College, a small liberal arts institution in Conway, Ark., decided two years ago to bolster its academic offerings, promising students at least three hands-on experiences outside the classroom, including research, internships and service projects. Although it raised tuition and fees by 29 percent, enrollment in the freshman class rose by 37 percent. Source: Jonathan D. Glater and Alan Finder, "In New Twist on Tuition Game, Popularity Rises With the Price," New York Times, December 12, 2006
Based on the information above, the demand for Hendrix College education is

• A) unit-elastic.
• B) perfectly elastic.
• C) relatively inelastic.
• D) More information is needed to answer the question.

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Definitions:

Piaget--cognitive Development

The theory proposed by Jean Piaget that describes how children develop logical thinking through a series of stages.

Retrieval Cues

Stimuli or signals that can trigger the recall of information from memory.

Proactive Interference

The phenomenon where old memories make it more difficult to remember new information.

Encoding Specificity

The principle that recall is more effective if the context at the time of encoding matches the context at the time of retrieval.