It Is Thought That Long-Term Memory Never Can Get Filled

question 77

Multiple Choice

It is thought that long-term memory never can get filled up.The term used to describe the capacity of long-term memory is

• A)seven plus or minus two.
• B)about 10 000 items.
• C)limited by the size of a person's brain.
• D)unlimited.

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Definitions:

Perfect Price Discrimination

Occurs when a firm charges the maximum amount that buyers are willing to pay for each unit.

Consumer Surplus

The contrast between the summed value consumers intend and can afford to pay for a product or service and the actual cost they bear.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unattainable.

Federal Trade Commission

A US government agency whose primary purpose is to enforce civil antitrust law and promote consumer protection.