Pieces of Property That Serve as a Store of Value

question 109

Multiple Choice

Pieces of property that serve as a store of value are called

• A)assets.
• B)units of account.
• C)liabilities.
• D)borrowings.

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Definitions:

Law Of Small Numbers

A cognitive bias where people infer broader conclusions from a small set of observations than is statistically warranted.

Bias

A tendency to lean in a certain direction, often to the detriment of an open mind, leading to partial judgment or prejudice.

SDO Individuals

Individuals high in Social Dominance Orientation, a personality trait characterized by a preference for inequality among social groups.

Relative Gain

The concept in international relations that states measure their gains in comparison to those of other states.