In the Context of Cognitive Development, Which of the Following

question 123

Multiple Choice

In the context of cognitive development, which of the following terms refers to the focusing of mental resources on select information?

• A) assimilation
• B) attention
• C) habituation
• D) imitation

---

Definitions:

Profit Maximization

A business objective aiming to achieve the highest profit possible, guiding decisions on production, pricing, and investment.

Economic Theory

A set of principles and models that explain how economies function, covering the distribution, consumption, and production of goods and services.

Moral Hazard

A situation where one party engages in risky behavior knowing that it is protected against the consequences, often due to the existence of insurance or similar safety nets.

Adverse Selection

A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance and potentially unfavorable outcomes.