Most Infants Can Recognize the Sound and Meaning of Familiar

question 58

Multiple Choice

Most infants can recognize the sound and meaning of familiar words:

• A)before their first birthday.
• B)at birth.
• C)within the first month of life.
• D)not until they are 2 years of age.

---

Definitions:

Independently Acting Buyers

are consumers who make purchasing decisions based on their own preferences and circumstances, without coordinating with others.

Freedom to Enter

The condition in a market where new firms can enter the industry without facing prohibitive barriers or regulations.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing between options.

Diminishing Marginal Utility

The principle that as a consumer consumes more of a good or service, the additional satisfaction gained from each additional unit decreases.