On the Micronesian Island of Yap, It Is Easier to Make

question 64

True/False

On the Micronesian island of Yap, it is easier to make purchases with stone wheel currency than it is to make purchases with paper currency including the U.S.dollar.

---

Definitions:

Psychological Exchange Theory

A social psychology concept suggesting that interpersonal relationships are formed and maintained based on perceived rewards and costs, mutual benefits, and fairness.

Social Exchange Theory

A theory that suggests human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives.

Social Contagion

Imitative behavior involving the spread of behavior, emotions, and ideas.

Elaboration Likelihood Model

A theory explaining how people are persuaded, emphasizing the significance of the motivation and ability to process messages.