Craig Is Two Years Old and Likes to Put on His

question 38

Multiple Choice

Craig is two years old and likes to put on his own coat and shoes. However, his mother often becomes impatient waiting for him to get ready, so she usually finishes zipping his coat and tying his shoes for him. Based on Erikson's theory, Craig will likely develop

• A)a general sense of mistrust.
• B)feelings of shame and doubt.
• C)a sense of inferiority.
• D)feelings of autonomy.

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Definitions:

Economic Profit

The difference between total revenues earned from production and the total opportunity costs of all inputs used in production.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment to changes in market conditions.

Losses

Losses refer to the amount by which expenses exceed revenues in a particular period, indicating a negative financial performance for a business.

Constant-cost Industry

An industry in which the costs of production, including the prices of raw materials and wages, do not change as the industry's output changes.