The Market

question 21

Multiple Choice

The market

• A)On its own may not always provide the optimal mix of goods and services.
• B)Always provides the optimal mix of goods and services.
• C)Always provides a better mix of goods and services without government intervention than it does with government intervention.
• D)May not produce the optimal mix of output,which is known as government failure.

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Definitions:

Orphanages Romania

Institutions in Romania that house and care for children without parents or guardians, historically noted for harsh conditions.

Attachment Styles

Patterns of attachment behavior that form in early childhood and affect relationships throughout a person's life.

Securely Attached

Describes an attachment style where individuals feel confident and are able to form trusting, lasting relationships.

Trust vs. Mistrust

The first stage in Erik Erikson's theory of psychosocial development, occurring in infancy, where the challenge involves developing trust when adequately cared for or mistrust if not.