Heidi Observed Children Playing in a Controlled Setting, Limiting Toys

question 29

Multiple Choice

Heidi observed children playing in a controlled setting, limiting toys and adult interaction. When the findings were compared with children studied playing in their homes, many findings were the same. This showed the first experiment had what feature?

• A) control
• B) similar independent variables
• C) external validity
• D) social interaction

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, such as labor, in the production process.

Labor Supply Curve

A visual diagram that illustrates the connection between the amount of wages and the volume of labor that employees are prepared to offer.

Income Effect

Change in consumption of a good resulting from an increase in purchasing power, with relative prices held constant.

Substitution Effect

Change in consumption of a good associated with a change in its price, with the level of utility held constant.