Examlex

Solved

In the 1932 Study Conducted by Bartlett,a Bantu Herdsman Readily

question 149

Multiple Choice

In the 1932 study conducted by Bartlett,a Bantu herdsman readily recalled the details of a cattle transaction,but the Scotsman had to look up his written record of the event.According to your text,what can best explain this difference in memory ability?


Definitions:

Price Mechanism

The way in which prices rise and fall as a result of changes in demand and supply, guiding the allocation of resources in a market economy.

External Benefit

A benefit from a good or service that is received by someone not directly involved in the transaction or production of that good or service, also known as a positive externality.

Pollution

The introduction of contaminants into the natural environment that cause adverse changes and harm to the ecosystem.

Market Failure

A situation where the allocation of goods and services is not efficient, often leading to a net social welfare loss.

Related Questions