An Approach Which Is Concerned with Description and Explanation of Changes

question 5

Multiple Choice

An approach which is concerned with description and explanation of changes within an individual and between individuals from conception until death is call the _______ approach.

• A)whole life
• B)life-span developmental
• C)entire life developmental
• D)childhood/adulthood developmental

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Definitions:

Workers

Individuals engaged in physical or intellectual labor to produce goods and services in exchange for wages.

Production Function

A mathematical model that describes the relationship between the inputs used in production and the output of goods or services.

Technically Efficient

A condition where a firm or economy utilizes the least amount of input resources to produce a given level of output.

Lowest Cost

Refers to the scenario where a good or service is produced and delivered at the minimum possible expense.