In an economy with a simple Cobb-Douglas production function and competitive markets, the worker’s equilibrium share of output is (1-s), 1 minus the nation’s savings rate. 

Across countries today, nations with higher population tend to have higher levels of GDP per person. 

Rates of firm entry and firm exit have increased over the last few decades. 

Which component of GDP is most volatile from year to year? 

In the land of Implicatia, national output is always 500 Implications per year, every year. Implicatians (the people of Implicatia) imported 100 Implications and exported 200 Implications in 2023.  In 2024, Impliciatians imported 175 Implicatians instead.  Between 2023 and 2024, did that rise in imported Implications tend to decrease GDP in Implicatia?

Positive reinforcement can feel pleasurable because of the “pleasure centers” in our brain that respond to it. What neurotransmitter is associated with feelings of pleasure? 

Operant Conditioning: Type of learning in which the consequences of an organism’s behavior determine whether the behavior will be repeated in the future. 

HM had a surgery which led to the development of anterograde amnesia. What is anterograde amnesia? 

Extra Credit: (To be added once exams are graded, worth 1 exam question)  Tell me something you’ve learned this semester that was not on this exam. It can be anything, but you have to explain what it is.  It cannot just be “We learned about memory, it was cool.”  Don’t write me an essay, but be specific 🙂 ~2-4 sentences is fine. 

Mental process that removes unacceptable thoughts and memories from consciousness and keeps them the unconscious.    For example, a veteran goes through a traumatic experience during the war and while in therapy, the psychologist notices that this memory has been “blacked out” for the veteran. He can not recall the day of the incident at all (likely because it was so traumatic and uncomfortable).    What is responsible for this?