Twelve-Year-Old Shia Rarely Feels Guilty When Corrected for Doing Something

question 47

Multiple Choice

Twelve-year-old Shia rarely feels guilty when corrected for doing something wrong. What might this indicate about Shia's continued development?

• A) Shia is at greater risk for depression and anxiety.
• B) Shia is at greater risk for antisocial behavior.
• C) Shia is displaying a lack of age-appropriate cognitive skills.
• D) Shia has likely experienced abuse, leading to a lack of guilt and shame.
• E) Guilt and Shame are not fully experienced until later adolescence.

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Definitions:

Implicit Costs

The opportunity costs of using resources owned by the firm for its own use, rather than selling those resources externally.

Economic Profits

The surplus remaining after deducting all costs, including opportunity costs, from total revenues, indicating the financial performance exceeding the break-even point.

Implicit Costs

The opportunity costs that arise from using resources owned by the firm for its own production instead of earning revenue from these resources elsewhere.

Normal Profit

The lowest amount of profit a company must earn to stay competitive and cover its opportunity costs.