John McFadden Has Just Graduated from College and Will Begin

question 14

Multiple Choice

John McFadden has just graduated from college and will begin his first year as a teacher in September. Experienced educators have correctly told him that teachers experience the most success when they:

• A) take the first several weeks of the school year to establish the classroom community
• B) assume all children understand the rules on the first day of school
• C) begin with a stimulus-response approach to learning
• D) establish a teacher-centered classroom

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Definitions:

Allocative Efficiency

A state of the economy in which production represents consumer preferences; in particular, every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it.

Monopolistically Competitive

A competitive framework where numerous companies offer goods that are alike but not the same, leading to competition revolving around quality, price, and brand recognition.

Purely Competitive

An economic setup distinguished by the presence of numerous small companies, an identical product, and extremely simple processes for entering or leaving the market.

Monopolistically Competitive

A market structure characterized by many firms selling similar but not identical products, allowing for some degree of market power.