Thinking more logically, more idealistically, and more abstractly comprise the processes of cognitive development that occur in the transition from childhood to adolescence.
The improvement of a child's ability to reason and think is known as cognitive development. From ages 6 to 12, and from ages 12 to 18, this growth occurs in a different way. It encourages kids to reflect on and comprehend their surroundings. Cognitive development includes the development of the brain.
Adolescence is the time in a person's life when their thinking begin to become more abstract and their egocentric thoughts lessen. One can think and reason more broadly as a result of this.
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Answer:
D. All of the above.
Explanation:
Their are many reasons why economists study the perfect competition model but we will focus on the options given and it is certified that all of them are the reason for this. Because it is used as a benchmark to compare with other market structures etc.
Firms can enter and leave the market without any restrictions , therefore, there is free entry and exit into and out of the market.
A perfectly competitive firm is known to be a price taker because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors.
Trade-offs create opportunity costs. The thing you don't choose when you make a trade-off is your opportunity cost
Cabinet is the correct answer