Two-Year-Old Shana Is Shown a Novel Object

question 85

Multiple Choice

Two-year-old Shana is shown a novel object. The object is 6 inches wide, is made out of blue wire, and is in the shape of an octagon. An adult tells Shana, "This is a glub." Of these objects, which is Shana MOST likely to later believe is a glub?

• A) a 12-inch octagonal object made out of red felt
• B) a 6-inch square object made out of green ceramic
• C) a 2-inch triangular object made out of blue plastic
• D) a 10-inch rectangular object made out of orange wire

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Definitions:

Quota Rent

The difference between the demand price and the supply price at the quota limit; this difference, the earnings that accrue to the license-holder, is equal to the market price of the license when the license is traded.

Domestic Demand

The total demand for goods and services within a country, including both consumer and governmental purchases.

Calculators

Electronic devices or software used to perform calculations, ranging from simple arithmetic to complex mathematical operations.

World Trade Organization

An international body that deals with the rules of trade between nations, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.