When Susan Was in Elementary School,she Could Recite the Words

question 30

Multiple Choice

When Susan was in elementary school,she could recite the words to the Pledge of Allegiance but did not understand the meaning.Now as an adolescent she can explain liberty and justice and freedom.Susan ____________ according to Piaget.

• A)Is in the concrete operational stage
• B)is in the formal operation stage
• C)has grown up
• D)is in the heteronomous morality stage

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Definitions:

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of spending on a product or service and the actual total sum they end up paying.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged for a product, service, or resource, usually set below the market equilibrium price to make goods more affordable.

Market Equilibrium

A point in a market where the quantity of goods supplied is equal to the quantity of goods demanded.

Consumer Surplus

The gap between what consumers are ready and able to expend for a good or service and what they actually spend.