When a Child Correctly Solves Piaget's Conservation Task and Explains

question 100

Multiple Choice

When a child correctly solves Piaget's conservation task and explains "If you pour it back, you'll see that it's the same," he is demonstrating an understanding of:

• A)identity.
• B)compensation.
• C)reversibility.
• D)decentration.

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Definitions:

Artificially Scarce Good

A product or service whose availability is restricted through patents, copyrights, or other legal means, rather than by the limits of physical scarcity.

Pigouvian Tax

A tax imposed on activities that generate negative externalities, intended to correct an inefficient market outcome by internalizing the external costs.

Efficient Level

A point at which resources are allocated in the most effective manner, maximizing output without wasting resources.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it without permission.