Under Most Circumstances, When You Are Intentionally Trying to Remember

question 116

Multiple Choice

Under most circumstances, when you are intentionally trying to remember an item of information, ________ is an easier task than ________.

• A) recognition; recall
• B) recall; recognition
• C) priming; the savings method
• D) the savings method; priming

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Definitions:

Marginal Analysis

The examination of the benefits and costs of choosing one more or one less unit of a good or service.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production instead of selling or renting them to others.

Interest Rate

The price, calculated as a percentage of the amount borrowed, that a lender charges a borrower for the use of their savings for one year.

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.