After Manny's Father Refused to Let Him Use the Family

question 162

Multiple Choice

After Manny's father refused to let him use the family car on Friday night,Manny let all the air out of the tires. His action is best explained in terms of the

• A)social traps.
• B)hindsight bias.
• C)bystander effect.
• D)frustration-aggression principle.

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Definitions:

Store Of Value

An asset that can be saved, retrieved, and exchanged in the future without significantly losing value.

Currency

The system of money in common use in a country, which facilitates the exchange of goods and services.

Liquid Asset

An asset that can easily be converted into cash in a short period without losing value.

Function Of Money

Refers to the main roles of money in an economy, which include being a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.