Predicting Where a Ball Is Going to Fall So That

question 26

Multiple Choice

Predicting where a ball is going to fall so that you can catch it is an example of

• A) feed-forward system.
• B) feedback system.
• C) response system.
• D) None of the above

Acknowledge the phenomenon of the Flynn effect on IQ scores over time.

Realize the significance of considering environmental and genetic factors in explaining intelligence differences.

Grasp the impact of enriched environments and early intervention programs on intellectual development.

Understand gender and racial differences in cognitive abilities and the social and biological explanations for those differences.

---

Definitions:

Profit-Maximizing

A strategy or process by which a company seeks to achieve the highest possible profit through its operations and pricing.

Factor Market

The factor market is the marketplace for the services of factors of production (labor, capital, land, and entrepreneurship) where these services are bought and sold.

Marginal Product

The increase in output that results from employing one more unit of a production factor, holding all other factors constant.

Income Distribution

How a nation’s total GDP is distributed amongst its population.