Which of the Following Is Not True

question 33

Multiple Choice

Which of the following is not true?

• A)​Voluntary exchange is expected to be advantageous to both parties to the exchange.
• B)​What one trader gains from a trade, the other must lose.
• C)​If one party to a potential voluntary trade decides it does not advance his interests, he can veto the potential trade.
• D)​The expectation of gain motivates people to engage in trade.

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Definitions:

Ambiguous Figure

An image or drawing designed to offer more than one perceptual interpretation, often used in psychological tests to explore perception and cognitive processes.

Geons

Simple geometric figures, such as cubes, cylinders, and pyramids, that can be combined to create all other shapes. An early (and crucial) step in some models of object recognition is determining which geons are present.

Top-down Processing

A cognitive process where understanding of information starts with the broader context or knowledge before incorporating details.

Bottom-up Processing

A type of information processing based on incoming data from the environment to form a perception, starting from the details and moving up to the whole.