The Belief That One Is the Center of the World

question 51

Multiple Choice

The belief that one is the center of the world is called by Piaget:

• A)animism.
• B)egocentrism.
• C)self-centering.
• D)centrismic thinking.

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Definitions:

Unit-Costs

Expenses a firm faces for producing, holding, and marketing one unit of a given product or service.

Restricts Trade

Actions or policies implemented by governments or economic entities to limit or control the exchange of goods and services across borders.

Specialization of Production

The process in which individuals, firms, or countries focus on producing a limited range of goods or services to gain economies of scale or advantages by virtue of unique skills, resources, or technology.

Economic Wealth

The accumulation of valuable resources and assets, including money, property, and investments, that contribute to an individual's or nation's economic power and living standard.