Which of the Following Definitions Is Correct

question 57

Multiple Choice

Which of the following definitions is correct?

• A)Savers are people who spend less than they earn.
• B)Investors are people who spend more than they earn.
• C)Investors are people who spend less than they earn.
• D)Savers are people who put all their excess income in savings accounts.

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Definitions:

Conservation

A principle in cognitive development where a child recognizes that quantity does not change with physical rearrangement.

Theory of Mind

The skill to recognize and assign mental states such as beliefs, intentions, desires, imaginings, and understanding to oneself and others, while also comprehending that others possess their own unique beliefs, desires, and intentions that may not align with one's personal views.

Object Permanence

The awareness that things still exist even if they are not currently being perceived through sight, hearing, touch, smell, or any other sensory method.

Egocentrism

A cognitive bias where an individual is unable to see a situation from another person's point of view.