A Change in Demand for a Resource Can Be Caused

question 16

Multiple Choice

A change in demand for a resource can be caused by

• A)proportion of economic rent in the total earnings of the resource
• B)opportunity cost of the resource
• C)price of the resource
• D)a change in the number of firms producing the final product
• E)ease with which resources can be put to alternative uses

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Definitions:

Social Referencing

The process by which individuals look to others in their environment to obtain cues on how to behave or react to a certain situation or stimulus.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, typically developed in infancy.

Manual Dexterity

The skill and ability to use one's hands to perform complex tasks with precision and coordination.

Gross Motor Skill Development

The progression of physical abilities that involve large muscle groups, such as walking, jumping, and throwing.