The Principle of Decreasing Marginal Benefit Implies That the

question 39

Multiple Choice

The principle of decreasing marginal benefit implies that the

• A) additional benefit from obtaining one more of a good or service increases as more is consumed.
• B) total benefit from obtaining more of a good or service decreases as more is consumed.
• C) additional benefit from obtaining one more of a good or service decreases as more is consumed.
• D) total benefit from obtaining more of a good or service remains the same as more is consumed.

Understand the concept of habituation and dishabituation in infant cognitive development.

Identify primary and secondary sex characteristics in human development.

Define and differentiate between key stages and theories of developmental psychology (e.g., Piaget, Vygotsky, Kohlberg, Erikson).

Describe the physical, cognitive, and social changes during puberty and adolescence.

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Definitions:

Tariff

A levy placed by a government on goods entering or leaving the country to control trade and safeguard local industries.

Quota

A government-imposed limit on the amount or value of goods that can be imported or exported during a specific time frame.

Labor-Intensive

A process or industry that requires a large amount of labor to produce its goods or services, often necessitating significant workforce employment.