Under the NSW Act,which of the Following Factors Is NOT

question 20

Multiple Choice

Under the NSW Act,which of the following factors is NOT important when considering what is for the minors benefit?

• A)The type of transaction.
• B)The fairness of the bargain.
• C)How the minor pays for their good or service.
• D)The age of the infant.

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Definitions:

Momentary Maximization

The tendency of an organism to choose an option that provides immediate benefits, even if a different choice could yield a higher cumulative benefit over time.

Maximizing Law

A principle suggesting that individuals behave in ways that they believe will maximize their rewards and minimize their losses.

Matching Law

A principle in psychology and behavioral economics that states the proportion of responses directed towards an option matches the proportion of reinforcements obtained from that option.

Prefrontal Cortex

The prefrontal cortex is a part of the brain located at the front of the frontal lobes; it is involved in complex behaviors including planning, decision making, and moderating social behavior.