When a Highly Valued Resource Cannot Be Easily Traded, as Is

question 18

Multiple Choice

When a highly valued resource cannot be easily traded, as is often true with water flowing in a river, then

• A) it will not be hoarded by the rich, but will be available to all on an equal basis.
• B) we can expect shortages from time to time, and conflicts over access to its use.
• C) its price will be low as a result.
• D) markets in the resource will clear more easily, without greed and profit to get in the way.

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Definitions:

Elaboration Likelihood

A theory suggesting the degree to which people are likely to pay attention to and elaborate on persuasive messages, influenced by their motivation and ability to process the message.

Motivation

The force that moves people to behave, think, and feel the way they do.

Self-perception Theory

A psychological theory suggesting that people develop their attitudes and opinions by observing their own behavior and concluding what attitudes must have caused it.

Psychological Discomfort

A mental state of unease which can stem from anxiety, stress, unfamiliarity, or situations that push one out of their comfort zone.