Markets Coordinate Economic Activity Through

question 52

Multiple Choice

Markets coordinate economic activity through:

• A) the price mechanism.
• B) commanding individuals what to do.
• C) asking individuals what to do.
• D) the legal mechanism.

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Definitions:

Complexes Formation

The process by which related emotions, memories, perceptions, and wishes organize around a common theme, often unconsciously, as described in psychoanalytic theory.

Rational Psychological Functions

Cognitive activities employed by an individual to perceive and interpret information in a logical and reasoned manner.

Imagining

The action of forming new ideas, images, or concepts of external objects not present to the senses.

Intuiting

The process of understanding or knowing something immediately without conscious reasoning.