________ Occurs When Children Adjust Their Schemes to Take New

question 55

Multiple Choice

________ occurs when children adjust their schemes to take new information and experiences into account.

• A) Adaptation
• B) Accommodation
• C) Assimilation
• D) Application

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Definitions:

Margin

The difference between the selling price of a product or service and the cost of its production or acquisition, indicating the profit.

Economic Activity

Economic activity refers to the actions that involve the production, distribution, and consumption of goods and services within an economy.

Marginal Analysis

An examination of the benefits and costs of increasing or decreasing a unit of production or consumption.

Hungry

The physical sensation of needing or wanting to eat; a condition resulting from not consuming enough food.