As Preparation for a Test,a Student Reads the Textbook Chapter

question 12

Multiple Choice

As preparation for a test,a student reads the textbook chapter.Later,while going over the material with his study group,he seems to recall the material at both the beginning and the end of the chapter,but he remembers little from the middle.Which term best characterizes this phenomenon?

• A)primacy effect
• B)recency effect
• C)contextual distinctiveness
• D)serial position effect

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Definitions:

Marginal Private Cost

The cost incurred by a firm for producing one additional unit of a good, exclusive of any external costs.

Technology Spillovers

Benefits that firms or countries obtain by imitating or learning from the innovations of others, often without incurring the cost of innovation.

Subsidies

Financial assistance grants or tax breaks provided by the government to support businesses, organizations, or individuals, encouraging production or consumption of certain goods and services.

Computer Chips

Small pieces of semiconductor material (usually silicon) with an integrated circuit (IC) used in electronic devices to perform computing tasks and other functions.