The "No - Markets Fail Often" Camp Argues That

question 255

Multiple Choice

The "No - Markets Fail Often" camp argues that

• A) interest rates are more important than expectations for business investment decisions.
• B) most shocks are internal to the economy.
• C) supply shocks are more important than demand shocks for explaining business cycles.
• D) business expectations are rational.
• E) government is part of the problem of business cycles.

Recognize the stages of cognitive development as described by Piaget and how each stage contributes to overall cognitive abilities.

Discuss the effect of social and cultural factors on cognitive development as outlined by Vygotsky.

Identify and explain the concepts of assimilation and accommodation in Piaget’s theory.

Evaluate the impact of cognitive development theories on educational practices.

---

Definitions:

Neuroimaging Studies

Research or medical examinations that utilize various techniques to directly or indirectly image the structure, function, or pharmacology of the nervous system.

Semantic Information

Refers to the meaning and interpretation of words and sentences in a given context.

Morpheme

The smallest grammatical unit in a language that conveys meaning; may be a word or a part of a word, such as a prefix or suffix.

Fast Mapping

the process by which children learn a new word or concept after minimal exposure to it, a testament to the quick cognitive absorbency of children.