A Person's Capacity as a Child to Wait More Time

question 129

Multiple Choice

A person's capacity as a child to wait more time to get two cookies instead of one is predictive of:

• A)how they are perceived by an adult in a subsequent interaction.
• B)their ability to cooperate with another child in an attempt to steal all the cookies from the experimenter.
• C)their performance on standardized tests and general functioning up to 30 years later.
• D)their mood the following day.

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Definitions:

One-Of-A-Kind

Unique, without any identical counterpart.

Pure Rent

Payment to a factor of production (land, specifically) in excess of what is needed to keep it in its current use.

Fixed Supply

A situation where the quantity of a good, service, or resource is limited and cannot be changed in the short run, often leading to inelastic supply.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that sellers are willing to supply.