A Child at Age _____ Is Likely to Be Fully

question 21

Multiple Choice

A child at age _____ is likely to be fully in heteronomous morality, whereas children at age _____ are likely to be fully in autonomous morality.

• A) 3; 8
• B) 5; 12
• C) 5; 8
• D) 8; 12

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Definitions:

Economic Rent

Extra income earned by a factor of production due to its limited supply or unique properties, over and above its opportunity cost.

Output Tax

A tax levied on the quantity of production or output generated by a company, as opposed to income or profit.

Perfectly Elastic

An economic term describing a situation where the quantity demanded or supplied changes infinitely in response to any change in price.

Increasing-Cost Industry

Industry whose long-run supply curve is upward sloping.