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Describe the processes of assimilation,accommodation,and contrast and explain whether you think assimilation,accommodation,or contrast will occur in each of the following situations:
a.A consumer picks up an unfamiliar piece of fruit that looks like a tiny orange,but it is about the size of a walnut instead of the size of a typical orange. The skin appears to be the same as an orange and it smells like an orange.
b.A consumer sees a vehicle like the car they drive.
c.A consumer sees a vehicle with two people in it flying 18 inches above the ground.
Market Value
The current price at which an asset or service can be bought or sold in the marketplace, determined by supply and demand.
Property Taxes
Taxes paid by property owners based on the assessed value of their real estate.
Gross Income
The total income from all sources before any deductions or taxes are taken out.
Standard Deduction
A fixed amount deducted from a taxpayer's income to reduce taxable income, not requiring itemization.
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