Marvin,who Lives in San Francisco,has Been Asked to Host a Teenage

question 22

Multiple Choice

Marvin,who lives in San Francisco,has been asked to host a teenage alien,Regor,as part of an intergalactic exchange program.Marvin is sure that Regor would love to experience the adventure of sailing,but decides he should introduce the concept of a "sailboat" first.After some time studying,Regor has learned quite a bit about sailboats and is now excited about experiencing life on the water.So,Marvin and his dad take Regor sailing one weekend.Regor now has a set of beliefs,expectations,and personal experiences related to sailboats and sailing to which he can add new information.This is called a ____.

• A)template
• B)concept
• C)schema
• D)paradigm

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Definitions:

Recession

An appreciable fall in economic activities spread throughout the economy, continuing for longer than a few months, typically observed in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in an economy at constant prices.

Business Quarters

Divisions of the fiscal year into four equal parts, typically three months each, used by businesses to report earnings and assess performance.

Demand-Pull Inflation

An economic condition where prices rise because the demand for goods exceeds supply.