Match the Definition to the Term

question 58

Multiple Choice

Match the definition to the term.
-sensory-motor stage

• A)Piaget's earliest stage of development,from birth to 2 years of age,in which a child's intelligence involves sensory and motor activities and has nothing to do with abstract thought in the adult sense
• B)Piaget's fourth stage of development,typically beginning around age 11 or 12 and characterized by the emergence of experimental or inductive reasoning,and analyzing problems systematically
• C)Piaget's second stage of development,between ages 2 and 7,in which children have developed an appreciation of object constancy but are still unable to under-stand the fact that certain properties of objects remain the same regardless of their appearance
• D)Piaget's third stage of development,in which children around the age of 7 gain an appreciation of abstract concepts such as quantity and volume,which are con-served even as substances undergo changes in appearance

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Definitions:

Oligopoly

Market structure in which relatively few sellers compete and high start-up costs form barriers to keep out new competitors.

Planned Economy

Economic system in which government controls determine business ownership, profits, and resource allocation to accomplish government goals rather than those set by individual firms.

Mixed Market Economy

features both private and public enterprise, blending elements of capitalist and socialist economic systems.

Private Enterprise System

Economic system that rewards firms for their ability to identify and serve the needs and demands of customers.