The Idea That the Desires of Resource Suppliers and Producers

question 119

Multiple Choice

The idea that the desires of resource suppliers and producers to further their own self-interest will automatically further the public interest is known as:

• A)consumer sovereignty.
• B)the invisible hand.
• C)derived demand.
• D)profit maximization.

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Definitions:

Hans Eysenck

A prominent psychologist known for his theories on personality and intelligence, emphasizing the genetic basis of personality traits.

Psychoticism

A personality pattern typified by aggressiveness and interpersonal hostility, often linked to higher risk of developing psychotic disorders.

Surface Traits

Observable qualities or characteristics of personality that can easily be inferred from outward behavior, as opposed to deeper, more latent traits.

Gordon Allport

A pioneering psychologist known for his theory of personality that emphasized individuality and the concept of the self.