The Ability to Realize That an Item Continues to Exist

question 99

Multiple Choice

The ability to realize that an item continues to exist, even when you can no longer see it, is called:

• A) conservation.
• B) object permanence.
• C) reversibility.
• D) egocentrism.

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Definitions:

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce availability to others.

Government Provision

Public goods and services provided by the government for the benefit of its citizens.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of a good or service.

Cost-Benefit Analysis

An economic evaluation method that compares the relative costs and benefits associated with a proposed project or decision.