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Olivia Understands Why 3/5 and 9/15 Are Equivalent Fractions

question 65

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Olivia understands why 3/5 and 9/15 are equivalent fractions. Based on this information,Olivia is reasoning in a manner consistent with Piaget's ________ stage of development.

Understand the difference between public goods and private goods.
Comprehend the concept of nonrivalry and nonexcludability in the context of public goods.
Identify the effects of external costs and benefits on market efficiency.
Recognize the free-rider problem and its implications for the provision of public goods.

Definitions:

Equally Likely

A principle in probability stating that all outcomes of a random event have the same chance of occurring if the event is fair.

Record

A record is a documented account of an event, transaction, or other significant information, stored in written, audio, or digital form.

Smaller Number

A value or quantity that is less than another in a given set or range of numbers.

Fair 6-Sided Dice

Refers to an equally balanced die where each of the six faces, numbered from 1 to 6, has an equal probability of landing face up when thrown.

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