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Figure 3-14
Arturo's Production Possibilities Frontier
Dina's Production Possibilities Frontier
-Refer to Figure 3-14.Without trade,Arturo produced and consumed 240 tacos and 120 burritos and Dina produced and consumed 100 tacos and 150 burritos.Then,each person agreed to specialize in the production of the good in which they have a comparative advantage and trade 260 tacos for 156 burritos.As a result,Arturo gained
Automatic Processing
The unconscious encoding of incidental or well-learned information without effort.
Effortful Processing
The active and conscious effort to encode or store information in memory.
Iconic Memory
A type of visual sensory memory that holds an exact copy of what is seen for a very brief period of time, usually under a second.
Serial Position Effect
A phenomenon in memory research indicating that people tend to remember the first and last items in a series better than the middle items.
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