When Utsav Is Riding in the Car with His Mother

question 35

Multiple Choice

When Utsav is riding in the car with his mother, he will point at buses, vans, bikes, and trucks and say "car." This is an example of

• A) an overextension.
• B) an underextension.
• C) fast mapping.
• D) overregularization.

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Definitions:

Derivatives

Financial instruments whose value is based on the value of an underlying asset, index, or security.

Forward Contracts

A financial agreement to buy or sell an asset at a specific future date for a price agreed upon today.

Buyer

An individual or entity that acquires goods or services in exchange for payment.

Seller

An entity or individual that offers goods or services in exchange for payment, playing a crucial role in any market transaction.