Double Coincidence of Wants Means

question 32

Multiple Choice

Double coincidence of wants means

• A) two economic agents want to exchange the goods they have.
• B) households prefer to double the quantity of their goods.
• C) households want more of leisure and consumption.
• D) households prefer a diverse set of goods.
• E) two economic agents want different sets of goods.

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Definitions:

Affective Component

Pertains to the emotional aspect of attitudes, reflecting feelings or emotions related to an object, person, or event.

Behavioural Component

The aspects of psychology related to the actions or reactions of individuals usually in response to external stimuli.

Cognitive Component

Refers to the beliefs, thoughts, and knowledge about the subject at hand, which is a part of an attitude.

Affective Component

The emotional or feeling segment of an attitude, which influences how we react to certain situations or individuals.