If a Motorist Is Stranded in Front of a Pay

question 234

Multiple Choice

If a motorist is stranded in front of a pay phone and has only dollar bills, and he ends up buying a quarter from a passerby for $1,

• A) the stranded motorist must not understand that four quarters are worth $1.
• B) economic theory is unable to explain this transaction.
• C) both parties have gained from this exchange.
• D) the passerby was made better off and the motorist worse off.

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Definitions:

Insanity

A legal term describing a person's inability to understand the wrongfulness of their actions due to mental illness at the time of a crime.

England

A country that is part of the United Kingdom, known for its rich history, diverse culture, and significant global influence.

Mens Rea

A legal term referring to the mental state of a person while committing a crime, showing intention or knowledge of wrongdoing.

Conviction

A firmly held belief or opinion, or the formal declaration that someone is guilty of a criminal offense by the verdict of a jury or the decision of a judge in a court of law.