After Work, You Drive Home to Find That Your Toddler

question 233

Multiple Choice

After work, you drive home to find that your toddler is pushing the garage door opener so that the garage door opens and then shuts.At first you are a little unhappy that she is doing this, but you remember your training in developmental psychology and realize that your daughter's curiosity of how the garage door works is what Piaget referred to as __________.

• A)mental representation
• B)sensorimotor awareness
• C)deferred imitation
• D)categorization

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Definitions:

Competitive Industries

Industries characterized by many firms competing for market share, leading to innovation and efficient resource allocation.

Production Costs

Expenses incurred during the process of creating a good or service, including labor, raw materials, and overhead costs.

Decreasing-Cost Industry

An industry in which expansion through the entry of firms lowers the prices that firms in the industry must pay for resources and therefore decreases their production costs.

Long-Run Supply Curve

As it applies to macroeconomics, a supply curve for which price, but not real output, changes when the demand curves shifts; a vertical supply curve that implies fully flexible prices.