What Does It Mean to Say That Toddlers Can Understand

question 123

Multiple Choice

What does it mean to say that toddlers can understand decontextualized language?

• A) They are able to think about objects on superordinate and subordinate levels.
• B) They are able to think about objects that are absent.
• C) They no longer make overregularization errors.
• D) They no longer believe that each concept has only one word that refers to it.

---

Definitions:

Transaction Costs

Costs associated with the process of buying and selling, including search and information costs, bargaining costs, and enforcement costs.

Coase Theorem

A theory that suggests that if property rights are well-defined and transaction costs are low, externalities will be efficiently resolved through bargaining between parties.

Traffic Congestion

The overcrowding of vehicles in an area, leading to slower speeds, longer trip times, and increased vehicular queuing, often analyzed in urban economics.

Marginal Social Benefit

Refers to the additional benefit to society as a whole from one more unit of a good or service being produced and consumed.