The Exchange of Brass Rods for the Purchase of Cattle

question 16

Multiple Choice

The exchange of brass rods for the purchase of cattle or the payment of bride price is an example of the use of

• A) surplus value
• B) general purpose money
• C) limited purpose money
• D) exchange value

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Definitions:

Group Attribution Error

The tendency to erroneously attribute the behavior or attitudes of individual members to the characteristics of the group as a whole.

Extremity Bias

A cognitive bias where individuals tend to remember and give disproportionate weight to the most extreme examples or experiences.

Law of Small Numbers

A cognitive bias that leads people to draw broad conclusions from small data sets or limited information.

Outgroup Heterogeneity Bias

The tendency to view members of an out-group as more diverse and individual than members of one's own in-group.