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In a World with No Money, Costs Are Expressed in Terms

question 68

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In a world with no money, costs are expressed in terms of other goods. If one video game costs two hamburgers, and a hamburger costs three pops, how many pops would it take to buy a video game?


Definitions:

Intelligence

A complex and controversial concept, defined by David Wechsler as “[the] capacity . . . to understand the world [and the] resourcefulness to cope with its challenges.” Intelligence implies the capacity to make adaptive choices (from the Latin inter, meaning “among,” and legere, meaning “to choose”).

Nutritional Requirements

The essential nutrients and the appropriate quantities of those nutrients needed for maintaining health and proper functioning of the body.

Infants

are young children, typically under one year of age, undergoing rapid growth and development in physical, cognitive, and social realms.

Preschoolers

Refers to children who are between the ages of 3 and 5 years old, typically attending preschool.

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