The Main Elements of the Niche Includes All but the ______

question 54

Multiple Choice

The main elements of the niche includes all but the ______.

• A) physical and social environment
• B) customs of child rearing and child care
• C) the parents' beliefs, values, attitudes
• D) the extended family's beliefs, values, attitudes

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Definitions:

Market

A system or an area where buyers and sellers interact to trade goods, services, or financial instruments.

Positive Externality

A benefit gained by a third party not directly involved in a transaction or activity, where the social or economic gain is not reflected in the market price.

Social Planner

A theoretical decision-maker in economics who aims to achieve optimal outcomes for society by considering the allocation of resources and distribution of goods and services.

Subsidy

A payment made by the government to a firm, industry, or individual, usually to encourage the production of a certain good or service or to reduce its price for consumers.