Organismic Models of Development Focus on

question 4

Multiple Choice

Organismic models of development focus on

• A) internal forces that drive and direct an individual's development
• B) external, or environmental, influences on development
• C) stage-like changes in development
• D) dynamic interactions between the internal and the external forces that influence development

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Definitions:

Total Utility

The overall level of satisfaction or fulfillment a consumer receives from consuming a specific quantity of a good or service.

Income Effect

The change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.