William Gregg Owned a Mill in South Carolina

question 41

Multiple Choice

William Gregg owned a mill in South Carolina.In December 1862,he placed a notice in the Edgehill Advertister announcing his willingness to exchange cloth for food and other items.Here is an extract:
1 yard of cloth for 1 pound of bacon
2 yards of cloth for 1 pound of butter
4 yards of cloth for 1 pound of wool
8 yards of cloth for 1 bushel of salt
If the money price of bacon was 20¢ a pound and the money price of salt was $2.00 a bushel,people would ________.

• A)buy bacon and trade it for cloth because they could buy 8 yards of cloth for only $1.60, and use that cloth to obtain a bushel of salt
• B)not buy bacon and trade it for cloth because they would have to buy 8 yards of cloth for $1.60 and then give Mr.Gregg an extra $0.40 to buy a bushel of salt
• C)buy bacon and trade it for cloth and then trade the cloth for salt because salt is more important for life than either cloth or bacon
• D)not buy bacon and trade it for cloth because the relative price of 1 bushel of salt is only 1/8 yard of cloth
• E)buy bacon and trade it for cloth because cloth is more expensive than bacon

Explore the biological and evolutionary perspectives on attraction and mate selection.

Analyze the concepts of reciprocal liking and assortative mating in relationship dynamics.

Assess the role of physical health cues in reproductive fitness and mate selection.

Examine the psychological theories related to attraction, including the mere exposure effect, social exchange theory, and attachment theory.

---

Definitions:

Commercially Prepared

Pertains to products, especially foods or medicines, manufactured and sold by businesses rather than made at home.

Questionnaire

A research instrument consisting of a series of questions for the purpose of gathering information from respondents.

Personal Opinions

Individual beliefs or judgments that are not necessarily based on fact or knowledge.

Correlational Research

Research in which the goal is to describe the strength of the relationship between two or more events or characteristics.