An Example of a Double Coincidence of Wants Is

question 15

Multiple Choice

An example of a double coincidence of wants is:

• A) a car mechanic who wants a TV finding an owner of an electronics store who wants a car repaired.
• B) a car dealer who wants a TV finding an electronics store owner who wants money.
• C) an electronics store owner who wants car repairs finding a car mechanic who wants money.
• D) a car dealer who wants a new employee finding a car mechanic who wants money.

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Definitions:

Logical Extension

The process of deducing or inferring additional outcomes or conclusions based on the logical progression of an established premise or understanding.

Cognitive-Developmental Theory

A theory in psychology that explains how children acquire the ability to think, reason, and use language as they grow.

Moral Reasoning

The process of determining right from wrong in a logical, principled manner.

Social Learning Theory

A theory that posits people learn new behaviors and information by observing and imitating others, also taking into account the reinforcements or punishments that follow these behaviors.