Examlex

Solved

Which of the Following Is NOT One of the Key

question 7

Multiple Choice

Which of the following is NOT one of the key concepts in Piaget's constructivist theory?


Definitions:

Comparative Advantage

The competence of an individual, firm, or nation to forge a good or render a service with a lower forfeited opportunity compared to others in the market.

Productivity

A measure of the efficiency of production, usually defined as the ratio of outputs produced to inputs used.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision or choosing one option over another.

Opportunity Cost

The financial consequence of rejecting the subsequent optimal choice when deciding.

Related Questions