The Three Sets of Factors That May Influence an Adult's

question 98

Multiple Choice

The three sets of factors that may influence an adult's judgment about a child are

• A) child characteristics, characteristics of the adult, and contextual variables.
• B) the child's gender, the child's physical appearance, and the child's interpersonal skills.
• C) the adult's profession, the adult's religious background, the adult's views on children.
• D) the child's social background, the child's race, and the child's family stability.

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Definitions:

Economic Profits

Profits that exceed the opportunity costs of all inputs, reflecting earnings beyond the next best alternative.

Economic Profits

The discrepancy between overall income and all expenses, encompassing both direct and hidden costs.

Resource Allocation

The process of distributing available resources among various competing needs or projects in order to maximize overall efficiency or achieve a desired outcome.

Economic Profits

The distinction in a company's finances that results from deducting both tangible and intangible costs from the total revenue.