Kgatello Is Actively Playing with His Toy Truck When His

question 16

Multiple Choice

Kgatello is actively playing with his toy truck when his mom accidentally drops a towel she is carrying directly on top of the vehicle. As soon as the vehicle is covered, Kgatello turns his head away and calmly begins playing with another toy. Kgatello's reaction best illustrates a lack of

• A)object permanence.
• B)accommodation.
• C)reversibility.
• D)inner speech.

Interpret tables showing willingness to pay and calculate consumer surplus for individuals and markets.

Understand the relationship between a consumer's willingness to pay, market price, and consumer surplus.

Evaluate the impact of market changes on consumer surplus.

Identify the total consumer surplus from graphical data or demand curves.

---

Definitions:

Conservative Economists

Economists who generally favor policies that aim to promote free markets, low taxation, and minimal government intervention in the economy.

Home Equity Loans

Loans secured by the borrower's home, allowing homeowners to borrow against the equity of their property.

Unemployment Benefits

Government payments to individuals who are unemployed and actively seeking work, intended to support them financially.

Purchasing Power

The worth of a currency represented by how much goods or services can be purchased with one unit of that currency.