Normative Development Consists of

question 28

Multiple Choice

Normative development consists of

• A)changes that optimize developmental outcomes.
• B)changes that result from maturation.
• C)developmental changes that are typical of many children.
• D)individual variations among children.

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Definitions:

Long Run

A period in which all factors of production and costs are variable, enabling full adjustment to change.

Short Run

A period in which at least one input in the production process is fixed, and only some inputs can be adjusted by firms.

Decreasing Costs

A situation where the total cost of production decreases as the volume of production increases.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to normal goods.