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Sue believes little Janey learned to talk overnight. She
is sure Janey went to sleep saying one or two words and woke up saying sentences of four to six words. Sue is subscribing to the idea that development is:
•continuous.
•both continuous and discontinuous, depending on
how and how often you look at it.
•neither continuous nor discontinuous.
•discontinuous.
FICA Tax
A U.S. federal payroll tax that funds Social Security and Medicare, contributions are made by both employees and employers.
Burden Falls
An economic term referring to how the costs or economic burdens of a policy, tax, or regulation are distributed among various stakeholders.
Elastic
Elastic, in economics, refers to a situation where the quantity demanded or supplied of a good or service significantly changes in response to changes in price.
Inelastic
A characteristic of a good or service whose demand doesn't significantly change when its price changes.
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