Use the Following Statements to Answer This Question: I

question 68

Multiple Choice

Use the following statements to answer this question: I. The first theorem of welfare economics refers to efficient allocation of goods across groups of consumers, and it does not consider the problem of efficient production of these goods.
II) The only way to achieve an efficient allocation of goods is to use competitive markets.

• A) I and II are true.
• B) I is true and II is false.
• C) II is true and I is false.
• D) I and II are false.

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Definitions:

Mentally Ill

Refers to individuals who suffer from mental health disorders that affect their mood, thinking, and behavior.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focused on unconscious motives and conflicts.

Id

A component of the psychoanalytic theory representing the instinctual drives and the source of bodily needs, wants, desires, and impulses.

Superego

A component of Freud's psychoanalytic theory referring to the moral part of the mind, which internalizes societal rules and parental standards, regulating behavior through guilt and shame.