Final answer:
Matching questions in the chapter exercises on supply and demand assess knowledge retention, while multiple-choice questions are designed to test critical thinking through the application of learned concepts. Option C is correct answer.
Step-by-step explanation:
In reviewing the roles of matching and multiple-choice questions in the context of a chapter on supply and demand, one must understand their educational objectives. Matching questions are designed to test a student's knowledge retention and their ability to recall and associate specific concepts they have learned. Conversely, multiple-choice questions, particularly those found at the end of a chapter, are typically used to assess a student's application skills by providing opportunities to apply and test the information in various scenarios. These questions often have more than one correct answer, requiring a deeper understanding and application of the material covered in the chapter.
According to the provided reference materials, Review Questions are simple recall questions that assess conceptual apprehension, while Critical Thinking Questions are higher-level, conceptual questions that ask students to apply their understanding in different contexts. Therefore, the most accurate role attribution would be that matching questions test for conceptual understanding due to their association with Review Questions, and multiple-choice questions assess critical thinking as they align with the application and analysis involved in Critical Thinking Questions.
To summarize, option c. Matching questions test knowledge retention, while multiple-choice questions assess critical thinking, captures the essence of their roles within the exercises on supply and demand in chapter 4.