Three-Year-Old Alec and His Father Visited the Zoo

question 21

Multiple Choice

Three-year-old Alec and his father visited the zoo.While there, Alec's mother took him to see the squirrel exhibit.Alec saw many different types of squirrels, but when he saw a flying squirrel glide from one branch to the next, he pointed and said, "Look, daddy! Bird." Considering Piaget's work, Alec is demonstrating an example of ___________.

• A)object permanence
• B)scheme
• C)assimilation
• D)accommodation

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Definitions:

Monopolistically Competitive

A market structure in which several or many sellers each produce similar, but slightly differentiated products; competition is based on product differentiation, prices, and marketing.

Monopolistically Competitive

A market structure characterized by many firms selling products that are substitutes but not perfect substitutes, leading to some degree of market power for each firm.

Fixed Costs

Costs that do not change with the level of output produced, such as rent, salaries, and loan repayments.

Short Run

A period in which at least one of a firm's inputs is fixed and cannot be changed.