If Goods in Transit Are Shipped FOB Destination

question 137

Multiple Choice

If goods in transit are shipped FOB destination

• A) the seller has legal title to the goods until they are delivered.
• B) the buyer has legal title to the goods until they are delivered.
• C) the transportation company has legal title to the goods while the goods are in transit.
• D) no one has legal title to the goods until they are delivered.

Grasp the importance of information in market functioning.

Distinguish between social goods and their collective benefits.

Understand the concept of capital in the economic context, including its types (tangible, intangible, human, and social capital).

Comprehend the difference between capital stock and capital flow.

---

Definitions:

Schachter-Singer Experiment

A psychological experiment that demonstrated the role of cognitive factors in emotional experience, particularly highlighting the interaction of physiological arousal and cognitive labels in emotion.

James-Lange Theory

A theory suggesting that emotions result from the perception of bodily reactions to stimuli, implying that physical arousal precedes the emotional experience.

Visceral Reactions

Refers to the instinctive, deep-seated physical reactions that occur in response to a stimulus, often bypassing rational thought.

Emotions

Affective responses (such as joy, sadness, pride, and anger), which are characterized by loosely linked changes in behavior (how we act), subjective experience (how we feel), and physiology (how our bodies respond).