Which One of the Following Illustrates Conceptual Change

question 13

Multiple Choice

Which one of the following illustrates conceptual change?

• A) As a Boy Scout, Andy has learned how to cook a wide variety of foods over an open fire.
• B) Brad misinterprets the scientific explanation of fire to fit what he believes-that fire is an object with substance and weight.
• C) Charlotte used to think that fire was an actual substance, but now she knows that it's a chemical change.
• D) Dana wasn't aware of how much damage fire could really do until the house next door burned down.

Understand the concept of equilibrium quantity in markets with and without externalities.

Understand the concept of technology spillovers and their implication for government policy.

Analyze the effects of public goods and positive externalities on market outcomes.

Understand the concept of pollution permits and their role in controlling pollution levels.

---

Definitions:

Total Stockholders' Equity

The total value of a corporation's equity owned by shareholders, synonymous with stockholders' equity but emphasizes the aggregation.

Retained Earnings

The part of the net earnings kept by the company instead of being paid out to shareholders as dividends.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders the right to vote at shareholder meetings and receive dividends.

Retained Earnings

The cumulative amount of net income kept in the company to be reinvested in its core business or to pay debt, after paying dividends to shareholders.