Children Learn by Watching Their Parents' Shopping and Consuming Habits

question 54

Multiple Choice

Children learn by watching their parents' shopping and consuming habits. What is this passing down of cultural values and norms to children?

• A) socialization process
• B) cultural diffusion
• C) heritage transmission
• D) tradition sharing

Understand the basic principles of supply and demand.

Recognize the factors that cause shifts in demand and supply curves.

Distinguish between normal goods, inferior goods, and substitutes.

Identify the impact of price changes on quantity demanded and supplied.

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Definitions:

Physical Development

The process of bodily changes, growth, and improvement in skills throughout a person's life.

Parents

Individuals who have a biological or adopted child and are responsible for their care, upbringing, and development.

Initiative Versus Guilt

A stage in Erikson's psychosocial development theory where children aged roughly 3 to 6 years explore their abilities and learn to initiate tasks, feeling a sense of purpose or, if discouraged, experiencing guilt.

Erikson's Stage

Refers to one of the eight stages of psychosocial development identified by Erik Erikson, which humans progress through from infancy to adulthood.