John Was Just at a Grocery Store

question 116

Multiple Choice

John was just at a grocery store. When he got home he was asked by his wife how his trip was, to which he responded, "I really like that place." John's evaluation reflects:

• A) his evaluation of physical store characteristics.
• B) his evaluation of the store's average product prices and quality of salespeople.
• C) his prior experiences and expected outcomes.
• D) the combination of his evaluation of specific store attributes and an overall evaluation of the store.

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Definitions:

Financial Account

Part of the balance of payments, it records transactions that involve the exchange of international ownership of assets.

Balance Surplus

A situation in which income or receipts exceed expenditures or outlays, often referring to a country's trade or fiscal balance.

Balance Deficit

A situation in financial accounts, particularly in national accounts, where total outflows exceed total inflows.

Capital and Financial Account

A component of a nation's balance of payments that covers the transfer of capital and financial assets across international borders.