Examlex
The ________ effect refers to the change in quantity demanded of a good that results from the effect of a change in the good's price on consumers' purchasing power.
Cognitive Development
Refers to the process of growth and change in intellectual capabilities, such as thinking, reasoning, and understanding, across the lifespan.
Egocentrism
A cognitive trait where an individual is unable to differentiate between their own perspective and that of others, often observed in children.
Abstract Thought
Abstract thought is the ability to think about objects, principles, and ideas that are not physically present, involving complex processes such as problem-solving and theorizing.
Centration
A cognitive limitation in early childhood, where a child focuses only on one aspect of a situation and ignores other relevant aspects.
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