Whenever Carlos Reaches for the Silverware, He Keeps Reaching for the Drawer

question 7

Multiple Choice

Whenever Carlos reaches for the silverware, he keeps reaching for the drawer that used to contain the silverware. Carlos's failure to remember the new location of the silverware is probably due to:

• A)encoding failure.
• B)retroactive interference.
• C)the misinformation effect.
• D)proactive interference.

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Definitions:

Marginal Cost

The outlay involved in the creation of an additional unit of a good or service.

Pareto Efficient

An economic state where resources are allocated in a way that it is impossible to make any one individual better off without making at least one individual worse off.

Efficiency

A measure of how well resources are used to achieve a goal, maximizing output from given inputs without waste.

Equity

The concept of fairness or justice, often discussed in the distribution of wealth, or the ownership interest in a firm.