What Is a Working Model and How Would a 1-Year-Old

question 21

Essay

What is a working model and how would a 1-year-old child would develop one? Give an example of how a working model could go from being negative to positive over the course of childhood.

---

Definitions:

Bananas

Edible fruits from plants of the genus Musa, commonly enjoyed worldwide and known for their nutritional value.

Utility Function

A representation in economics of how consumers rank different bundles of goods based on the level of satisfaction or utility they provide.

Budget Constraint

An equation that represents all combinations of goods and services a consumer can afford, given their income and the prices of the goods.

Income

The financial gain earned or received over a period of time, typically through work, investments, or business ventures.