Which of the Following Is Not a Psychological Assumption Made

question 23

Multiple Choice

Which of the following is not a psychological assumption made about economic agents?

• A) continuity
• B) selfishness
• C) nonsatiation

Evaluate the importance of addressing and promoting pro-social behaviors within group settings.

Understand the fundamental difference between strategy and tactics.

Identify the primary goal in the use of the strategy of accommodation in negotiations.

Recognize the importance and benefits of prenegotiating certain elements of the negotiation protocol.

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Definitions:

Travelers Checks

Pre-printed, fixed-amount checks designed to allow the person signing them to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Reserve Ratio

The fraction of deposits that banks are required to keep on hand as reserves, either in their vaults or with the central bank, to ensure liquidity.

Goldsmith's Receipts

Goldsmith's Receipts were historically issued by goldsmiths in the form of promissory notes against the gold deposited with them, leading to the development of banking.

NOW Accounts

Interest-earning banking accounts that permit writing checks against the deposited funds.