Jay and Justin Each Have a Stick of Gum

question 388

Multiple Choice

Jay and Justin each have a stick of gum. Eight-year-old Jay stretches his stick until it is much longer. Five-year-old Justin begins to cry because he thinks that Jay has more gum than he does. Justin lacks

• A)animism.
• B)object permanence.
• C)conservation.
• D)egocentric thought.

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Definitions:

Depreciates

The loss of value of an asset over time due to factors such as wear and tear, age, or technological advancements.

Russian Ruble

The national currency of Russia, utilized as the medium of exchange within the country.

Appreciate

To increase in value or price over a period of time.

Freely Flexible Exchange Rates

A currency system where the value of a currency is allowed to fluctuate according to the foreign exchange market without direct government intervention.