In What Sense Do Self-Fulfilling Expectations Determine the Acceptability of a Medium

question 11

Multiple Choice

In what sense do self-fulfilling expectations determine the acceptability of a medium of exchange?

• A)People like to do what the government expects them to do.
• B)People value something as money only if they believe others will accept it from them as payment.
• C)People expect that money will never lose its value.
• D)People expect that eventually every country will use the same medium of exchange.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Decision Making

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Discussion Method

A pedagogical approach that facilitates learning through interactive dialogue and debate among participants.

Dominated

Being controlled or heavily influenced by someone or something, often to a disadvantage.