Three-Year-Old Bip Talks Constantly About the "Man in the Moon

question 74

Multiple Choice

Three-year-old Bip talks constantly about the "man in the moon" and she was quite certain that the moon was "following" her. Bip's behavior is a demonstration of __________

• A) centration.
• B) deferred imitation.
• C) animistic thinking.
• D) habituation.

---

Definitions:

Isoquants

Curves on a graph that represent combinations of factors of production that yield the same level of output.

Scale

The size or level of activity of a project, business, or operation, which can significantly affect its efficiency, costs, and profitability.

Decreasing Returns

A principle where an increase in the amount of one factor of production, while other factors are held constant, results in a lower ratio of output per input.

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the incremental output will eventually decrease.