A 4-Year-Old Looks at a Picture of a Dragon While

question 32

Multiple Choice

A 4-year-old looks at a picture of a dragon while on the telephone with her grandfather. If Piaget's claims of egocentrism are correct, the child is likely to __________.

• A) describe the dragon picture to her grandfather
• B) ignore her grandfather when he asks her about her day
• C) tell her grandfather to look at the dragon
• D) ask her grandfather if he would like to see the picture the next time they are together

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Definitions:

Supply Curves

A graphical representation that shows the relationship between the price of a good or service and the quantity that suppliers are willing to offer for sale at that price, over a given period.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace where individuals pursuing their own self-interest lead to the benefit of society at large.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

Self-Interest

The pursuit of personal advantage and well-being, often driving economic decisions and behaviors.