Private Markets Can Allocate Resources Optimally

question 42

Multiple Choice

Private markets can allocate resources optimally

• A)under all circumstances
• B)only if property rights are well defined and can be easily enforced
• C)whenever property rights are well defined, regardless of whether they can be easily enforced
• D)whenever property rights can be easily enforced, regardless of whether they are well defined
• E)whenever there is no government intervention in the market

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Definitions:

James Marcia

A psychologist known for developing the theory of identity statuses, focusing on adolescents' exploration and commitment to identity formation.

Susan Harter

A psychologist well-known for her research on self-perception and intrinsic motivation in children.

Henry Tajfel

A British social psychologist best known for his work on the theory of social identity, exploring how people identify with and categorize themselves in groups.

Identity Crisis

A period of uncertainty and confusion in which a person questions their sense of self and may explore different aspects of their identity.