Which of the Following Is NOT One of the Three

question 74

Multiple Choice

Which of the following is NOT one of the three key concepts that describe specific mechanisms of Piaget's cognitive theory?

• A) accommodation
• B) equilibration
• C) canalization
• D) assimilation

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Definitions:

Gain From Trade

The benefits that entities receive from exchanging goods, services, or resources with others, often leading to an increase in overall welfare.

Law Of Comparative Advantage

A principle in international trade that states countries should specialize in producing goods for which they have a lower opportunity cost than their trading partners.

Foundation

An organization established to support charitable activities, educational goals, or other purposes that contribute to the public good.

Free Trade

International exchange of goods permitted to operate freely, devoid of tariffs, quotas, or any form of restraint.