You Need to Locate a Particular File on Your Computer's

question 110

Multiple Choice

You need to locate a particular file on your computer's hard drive to complete an assignment. Which of the following situations is most nearly analogous to the concept of retrieval failure as it is defined in your textbook?

• A) The file is no longer on your computer's hard drive.
• B) You locate the file, but it will not open.
• C) You open the file, but the text has been replaced by strange symbols and punctuation marks.
• D) The file is somewhere on your computer's hard drive, but you cannot find it.

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as the percentage change in quantity demanded divided by the percentage change in price.

Midpoint Formula

A method for calculating the percentage change in a variable by dividing the change by the average of the initial and final values, often used in economics to measure elasticity.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, in a given time period.

Elastic

In economics, elastic refers to how the quantity demanded or supplied of a good responds to changes in its price; high elasticity indicates sensitivity to price changes.