Mickey Tries to Do Things That Please His Parents and Teacher

question 53

Multiple Choice

Mickey tries to do things that please his parents and teacher, and he has begun to make judgments based on intentions. He is in which of Kohlberg's stages?

• A) one
• B) two
• C) three
• D) four
• E) five

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market stability.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.

Normal Good

A good for which demand increases as consumer income rises, holding all other factors constant.

Consumer Tastes

Preferences and inclinations of consumers that influence their purchasing behavior and choice of products.