Johan Is a Five-Year-Old Who Knows That He Is a Boy

question 144

Multiple Choice

Johan is a five-year-old who knows that he is a boy, and that he is a boy whether he's playing with his toys or his sister's toys. This indicates that Johan has developed

• A)prosocial behaviour.
• B)gender stability.
• C)cooperative play.
• D)social roles.

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Definitions:

Price Taker

A market participant that accepts the prevailing market prices as they do not have enough market power to influence prices.

Close Substitutes

Products or services that can easily replace each other in the eyes of the consumer due to their similar features or functions.

Total Revenue

The total income received by a firm from its sales of goods or services, calculated by multiplying the price per unit by the number of units sold.

Economic Power

The ability of countries, businesses, or individuals to influence market conditions, production, and financial resources on a scale that can impact global or local economies.