Beginning Around Age 4, Children Go Through a Change in Thinking

question 36

Short Answer

Beginning around age 4, children go through a change in thinking that allows them to develop a set of ideas about other people's thinking; this new perspective indicates that the children have developed a(n) _____.

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Definitions:

Economic Values

The worth of goods or services as determined by the market or the intrinsic importance or utility they offer to individuals.

Compounded Monthly

Interest on a loan or investment calculated monthly and added to the principal sum for the calculation of subsequent interest.

Compounded Annually

Interest calculation and accumulation once per year on the principal amount of an investment or loan.

Compounded Quarterly

Interest calculated four times a year, applying on the original principal and including interest accumulated in previous periods.