Noah Is Listening to Leah Tell a Story About What

question 55

Multiple Choice

Noah is listening to Leah tell a story about what happened in class yesterday. The two are engaging in which actions?

• A) Noah is encoding and Leah is decoding.
• B) Noah and Leah are both encoding.
• C) Noah is decoding and Leah is encoding.
• D) Noah and Leah are both decoding.

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Definitions:

Economics

The academic discipline that explores how people, government entities, companies, and countries decide to distribute limited resources to meet their endless desires.

Systematic Mistakes

Errors that individuals consistently make due to predictable psychological biases, often studied in behavioral economics.

Decision Making

The process of selecting among various alternatives or options, typically aiming to achieve the most favorable outcome.

Lack of Confidence

A state where consumers or investors are hesitant to spend or invest due to pessimism about economic conditions.