In the Long Run, Firms in Many Industries Often Experience

question 79

Multiple Choice

In the long run, firms in many industries often experience falling average total costs as a result of

• A) gains through trade.
• B) increasing marginal returns.
• C) economies of scale.
• D) lower fixed costs.

Compare and contrast different theories relating to crowd behavior, specifically emergent norm theory, contagion theory, and convergence theory.

Assess the role of war in contributing to social change.

Distinguish "new social movement theory" from other social movement theories.

Understand the life cycle of social change and provide examples of each stage.

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Definitions:

Formal Operational

The stage in Jean Piaget's theory of cognitive development where individuals are able to think abstractly and reason logically.

Stranger Anxiety

A form of distress that children experience when exposed to strangers, typically emerging around 6 to 12 months of age.

Object Permanence

The concept that objects maintain their existence beyond our sensory perception, remaining present even when not directly observed.

Conservation

The understanding that certain properties of physical objects or substances remain the same even when their appearance changes.