The "Informal Defence" of Free Markets Includes the Argument That

question 19

Multiple Choice

The "informal defence" of free markets includes the argument that markets

• A)achieve the maximum feasible rate of economic growth.
• B)lead to allocative efficiency.
• C)lead to productive efficiency.
• D)permit a centralization of economic power.
• E)provide automatic coordination of the actions of decentralized decision makers.

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Definitions:

Oral Fixation

A concept in Freudian psychology that suggests an obsession with oral activities (e.g., eating, talking, smoking) resulting from fixation at the oral stage of psychosexual development.

Passive Personality

A personality trait characterized by a tendency to be inactive or to surrender to situations or to others, without taking active steps to initiate changes or express one's own intentions.

Jurors

Members of a jury, responsible for making a decision in a legal case based on evidence presented.

Jury Deliberations

The process by which a jury discusses in private the evidence presented in a trial and comes to a verdict.