Infancy: Socioemotional Development I. | Attachment: The Basic Life Bond | | | Define attachment. bond between caregiver and child (or 2 people) | | | What time period categorizes toddlerhood? (1-2 yrs. old) | | | Contrast Watson’s and Bowlby’s views on attachment * John Watson: warned about the danger of too much mother love. Wants babies to be cared for by many different people * John Bowlby: "no such thing as too much motherly love" | | | What did Lorenz
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Chapter 1: Limits‚ Alternatives and Choices The fundamental economic problem Scarcity: – The basic economic problem arises because resources are limited‚ but human wants are unlimited. – Scarcity. . . means that society has limited resources and therefore cannot produce all the goods and services people wish to have. What is economics? • Economics is the study of how individuals and economies deal with the fundamental problem of scarcity. • Scarcity forces individuals‚ firms
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Chapter 1 Solutions to Practice Questions Questions for Review 2. The opportunity cost of seeing a movie includes the monetary cost of admission plus the time cost of going to the theater and attending the show. The time cost depends on what else you might do with that time; if it’s staying home and watching TV‚ the time cost may be small‚ but if it’s working an extra three hours at your job‚ the time cost is the money you could have earned. 4. Policymakers need to think about
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It is a new day at Nanamori Middle School; Akari is sitting happily at her desk. She is obscured by Himawari‚ Sakurako and Chinatsu‚ who sit at their respective desks. The camera pans away from her and focus on Kyōko Toshino‚ who is apparently running late. She frantically runs through the halls and sees the teacher about to open the door to the front of the classroom. Kyōko quickly opens another door leading to the back of the classroom‚ narrowly avoiding being late. It is now 1:00pm; the Amusement
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Answers to Questions for Review 1. (Market Structure) Define market structure. What factors are considered in determining the market structure of a particular industry Market structure refers to the important features that determine the level of competition in an industry. These factors include (a) the number of buyers and sellers‚ (b) the products degree of uniformity‚ (c) the ease with which new firms enter or old firms exit the market‚ and (d) the ways in which firms in the industry compete
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Chapter 3: Business Organizations This chapter deals with the economic organizations that are found in our economy. Most businesses operate in search of profits. Others are organized and operate like a business‚ although profits are not their primary concern. Section 1 deals with the three main forms of business organization. The first is the sole proprietorship‚ which is a business owned and operated by one person. The second is the partnership‚ which is a business jointly owned by two or
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The lives of the workers living under Hitler’s rule have worsened. Before Hitler took control‚ many of the workers went on a revolt against years of unemployment‚ boredom of walking on the streets and a meager unemployment benefit. After Hitler took control‚ he spent a larger sum of money to reduce unemployment rate and this made the employment rate increase. They were given a fixed amount of income and the working conditions were poor. They lived in camps and had to wear military uniform. They were
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ANSWERS TO END-OF-CHAPTER 16 QUESTIONS 16-1 The U.S. dollar. The primary reason for using the dollar was that it provided a relatively stable benchmark‚ and it was accepted universally for transactions. 16-2 Under the fixed exchange rate system‚ the fluctuations were limited to +1 percent and -1 percent. Under the floating exchange rate system‚ there are no agreed-upon limits. Currently‚ the 12 countries making up the EMU have their national currencies fixed to the euro; however‚ the
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-Unemployment Rates I. The Economist as Scientist A. Economists Follow the Scientific Method. 1. Observations help us to develop theory. 2. Data can be collected and analyzed to evaluate theories. 3. Using data to evaluate theories is more difficult in economics than in physical science because economists are unable to generate their own data and must make do with whatever data are available. 4. Thus‚ economists pay close attention to the natural experiments offered by history
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data show a positive correlation between political stability and economic growth. a. Through what mechanism could political stability lead to strong economic growth? b. Through what mechanism could strong economic growth lead to political stability? Ans 8 a. Political stability could lead to strong economic growth by making the country attractive to investors. The increased investment would raise economic growth. b. Strong economic growth could lead to political stability because when people have
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