Economic Bads Are Items

question 12

Multiple Choice

Economic bads are items

• A) for which the produced quantity is less than the amount desired at a positive price.
• B) for which the desired quantity is less than what nature provides at a zero price.
• C) that individuals desire but which receive social disapproval.
• D) that receive social approval but which governments dislike.

---

Definitions:

Cognitive Architecture

The underlying structure and systems of the mind that support cognitive processes, including memory, perception, and problem-solving.

Long-term Memory

The storage of information in the brain that can be recalled days, months, or even years after it was originally learned; contrasts with short-term memory.

Sensory Memory

Sensory memory refers to the shortest-term element of memory, capable of briefly holding sensory information, such as sights and sounds, before it either decays or is transferred to short-term memory.

Allocate Attention

The process of selecting where to focus mental resources in order to efficiently process information or complete tasks.