Related to the Economics in Practice on P

question 23

Multiple Choice

Related to the Economics in Practice on p. 343: When a country opens its markets to free trade, competition ________ and efficiency ________.

• A) grows; improves
• B) grows; declines
• C) decreases; improves
• D) decreases; declines

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Definitions:

Primacy Effect

The tendency to remember information that is presented first more effectively than information that is presented later.

Recency Effect

A psychological phenomenon where the most recently presented items or experiences are more likely to be remembered than those presented earlier.

Rote Rehearsal

A memorization technique based on repetition, where information is repeated over and over to keep it in short-term memory for longer periods.

Permanent Memory

A long-term storage of information in the brain, considered to be relatively stable and enduring over time.