The Concept of Elasticity Is Used To

question 175

Multiple Choice

The concept of elasticity is used to:

• A)analyse how much the economy is capable of expanding
• B)analyse supply and demand with greater precision
• C)determine the level of government invention in the economy
• D)calculate consumer credit purchases

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Definitions:

Separation Anxiety

The distress that babies show when the person to whom they are attached leaves.

Stranger Wariness

A developmental phase in infants where they show anxiety or fear towards unfamiliar people.

Secure Base

Bowlby’s term for the people whose presence provides a child with the security that allows him or her to make exploratory excursions.

Needs Reduction

The process of minimizing or eliminating requirements or deficiencies to achieve a state of stability or satisfaction.