The Fact That the Most Common Specific Phobia in Children

question 39

Multiple Choice

The fact that the most common specific phobia in children is a fear of animals is believed to be due to:

• A)the high rates of exposure to animals in young childhood
• B)evolutionary processes
• C)parental over-protection when young children encounter animals
• D)all of these

---

Definitions:

Decreasing-cost Industry

An industry in which costs per unit decrease as the scale of production increases.

Long-run Supply Curve

A curve that shows the relationship between the price of a good and the quantity supplied over a long period, taking into account all possible adjustments including entry and exit of firms.

Input Prices

The costs of raw materials and components required to produce a good or service.

Allocative Efficiency

Occurs when resources are distributed in a way that maximizes the net benefit to society.