In Some Cases, Prices Are Assigned to Goods on the Basis

question 190

True/False

In some cases, prices are assigned to goods on the basis of nothing more than custom.

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Definitions:

Locus of Control

A mental principle suggesting the level of conviction individuals possess regarding their ability to influence the circumstances and events impacting their existence.

Extraverted

Characterized by an outward-focused orientation, enjoying social interactions, and drawing energy from being around other people.

Single-Parent Families

Households led by one parent, who is responsible for raising children, often facing distinctive challenges.

External

Originating from outside; not inherent or internal.