Gerard Watched as a Researcher Placed Five Toy Station Wagons

question 4

Multiple Choice

Gerard watched as a researcher placed five toy station wagons and three toy convertibles on a table. The researcher asked him if there were more station wagons or more cars, and Gerard correctly answered that there were more cars. Gerard's answer indicates that he has mastered ​

• A)conservation of number.
• B)object permanence.
• C)preaccommodation.
• D)hierarchical classification problems.

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Definitions:

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced from a fixed set of resources in a given period.

Opportunity Cost

Represents the value of the next best alternative forgone when a decision is made to choose one option over others.

Factors Of Production

Factors of production are the inputs needed for the creation of a good or service, including land, labor, capital, and entrepreneurship.

Unemployment Of Resources

Unemployment Of Resources refers to a situation where factors of production, such as labor and capital, are not being used in the production process.