If People Are Given One of Two Items of the Same

question 34

Multiple Choice

If people are given one of two items of the same value and are given the choice to exchange it:

• A) about 50 percent will make the change since half prefer the item they have and half prefer the item they do not have.
• B) everyone will keep the first item since it was free.
• C) everyone will trade since people like to trade.
• D) most will keep the original item since people tend to value what they have more than a product that they do not.

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Definitions:

Temporal Bone

A bone situated at the side and base of the skull, which houses structures of the ear and is part of the cranium.

Parietal Bone

One of the two bones forming the sides and roof of the cranium, part of the human skull.

Occipital Bone

A cranial bone located at the lower back of the skull, playing a key role in protecting the brain and supporting the head.

Frontal Bone

The bone that forms the front part of the skull and the upper part of the eye sockets.