In a Free Market, Economic Activity Is Coordinated by

question 5

Multiple Choice

In a free market, economic activity is coordinated by

• A)central planners.
• B)prices.
• C)costs.
• D)majority rule.

---

Definitions:

Basic Psychology

The study of fundamental principles underlying human behavior and mental processes, often focusing on areas such as learning, memory, and cognition.

Behavioral Psychology

A field of psychology that focuses on studying and altering observable behaviors through conditioning and reinforcement.

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning and interactions with the environment.

Learning Perspective

A psychological approach that emphasizes the effects of experience on behavior, suggesting that learning is the primary factor in mental development and personality.