In Which of Piaget's Stages Does the Child Become Capable

question 21

Multiple Choice

In which of Piaget's stages does the child become capable of understanding conservation?

• A)sensorimotor
• B)preoperational
• C)formal operations
• D)concrete operations

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Definitions:

Market Wage

The prevailing pay rate for work of a given nature in a specific market or industry.

Labor Supply

The total hours that workers are willing and able to work in a given period, often influenced by factors like wages, working conditions, and social norms.

Capital

Financial assets or the financial value of assets, such as cash and goods, used to generate wealth through investment or production.

Factor Substitution Effect

The process by which firms replace factors of production (like labor and capital) with others due to changes in relative prices or technology.