The Need for a Double Coincidence of Wants Is Necessary

question 104

Multiple Choice

The need for a double coincidence of wants is necessary:

• A)to use money.
• B)for barter exchanges.
• C)anytime credit cards or debit cards are used.
• D)to increase the number of exchanges taking place.

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Definitions:

Social Learning Theorists

Researchers and theorists who emphasize the importance of observing, mimicking, and modeling behaviors, attitudes, and emotional reactions of others in learning.

Radical Behaviorists

Radical behaviorists focus on the study of observable behavior, emphasizing the role of the environment in shaping behavior and usually dismissing the importance of internal mental states.

Neo-Freudians

Psychologists who accepted Freud's basic ideas but modified them to include social and cultural factors.

Expectancies

Beliefs or anticipations about the outcome of certain actions, often influencing behavior and decision-making.