Which of the Following Is NOT One of the Stages

question 2

Multiple Choice

Which of the following is NOT one of the stages Piaget identifies in his developmental theory?

• A)sensorimotor
• B)disequilibrium
• C)concrete operations
• D)formal operations

---

Definitions:

Willingness To Pay

The maximum amount an individual is prepared to expend on a good or service, reflecting their valuation of it.

Horizontal Summation

A method used in economics to describe the total demand or supply in a market by adding together individual demands or supplies at the same price level across different entities.

Vertical Summation

A method used in economics to aggregate individual demand curves to find total market demand for a good.

Private Good

A product or service that is excludable and rival in consumption, meaning its use by one individual prevents its use by another.