When Camilla's Cousins Came to Visit,they Stayed in a Hotel

question 25

Multiple Choice

When Camilla's cousins came to visit,they stayed in a hotel.Camilla was surprised to find out that there were hotels in her city because she thought hotels existed only in places where she went on vacation.Because she had no need for hotels where she lives,she didn't think they existed.Which Piagetian thought process is illustrated by this example

• A) egocentrism 
• B) centration 
• C) conservation 
• D) irreversibility

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Definitions:

House Values

The monetary worth or price of a residential property, which can fluctuate based on market conditions, location, and property features.

Distorting Taxes

Taxes that alter the allocation of resources and change consumer or producer behavior, leading away from an efficient market outcome.

Excess Burdens

Refers to the additional costs or losses to society beyond the direct financial effects, caused by inefficiencies or distortions in market transactions.

Benefits-Received Principle

A theory of taxation wherein individuals pay taxes in proportion to the benefits they receive from government services.