Which Stage of Piaget's Theory Comprises the First 2 Years

question 181

Multiple Choice

Which stage of Piaget's theory comprises the first 2 years of life?

• A)sensorimotor
• B)preoperational
• C)concrete operational
• D)formal operational

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Definitions:

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, including both direct costs and any adverse impacts on third parties.

External Costs

Costs that affect parties who do not directly participate in an economic transaction, often not reflected in market prices (e.g., pollution).

Tax

A required financial imposition or alternative type of assessment placed on taxpayers by government entities to support government budgeting and assorted public outlays.

Efficient Level

Refers to the state where resources are allocated in a way that maximizes the net benefit to society, often achieved when marginal cost equals marginal benefit.