Saul Would Like to Buy a New Car That Is

question 16

Multiple Choice

Saul would like to buy a new car that is more environmentally friendly,however,his son is joining several soccer teams (he is getting to be a very good player) ,and his wife would like to return to school and finish up her last few credits.How is Saul trying to prevent dissonance?

• A)perceived importance
• B)dissonance ratio
• C)rationalize
• D)schemata

---

Definitions:

Private Good

A product or service that is consumed by an individual and cannot be used simultaneously by another individual.

Marginal Rate of Substitution

The rate at which a consumer can substitute one good for another while maintaining the same level of utility or satisfaction.

Hunting Lodge

A place of accommodation often located in remote areas for people engaging in hunting or seeking rustic outdoor experiences.

Pure Public Good

A good that is non-excludable and non-rivalrous, meaning its use by one individual does not reduce its availability to others and cannot be withheld from those who do not pay for it.