Mark Values His Drum Set at $800 and Ella Values

question 177

Multiple Choice

Mark values his drum set at $800 and Ella values her guitar at $1,000. Suppose that Mark trades his drum set for Ella's guitar.

• A) This trade makes Ella worse off by $200.
• B) This trade makes Mark better off by $200.
• C) Mark must value Ella's guitar for at least $800, and Ella must value Mark's drum set for at least $1,000.
• D) This trade decreases total value by moving the guitar and drum away from people who placed a high value on them.

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Definitions:

Perpetrator

A person who carries out a harmful, illegal, or immoral act.

Anonymous

Describes a person, action, or situation where the identity is unknown or not disclosed, offering privacy or secrecy.

Hostile Expectation Bias

The tendency to assume that people will react to potential conflicts with aggression.

Domestic Battle

A conflict or struggle occurring within a household, often between family members or domestic partners.