Examlex
About the price system, Friedrich Hayek wrote, "I have deliberately used the word 'marvel' to shock the reader out of the complacency with which we often take the working of this mechanism for granted. I am convinced that if it were the result of deliberate human design . . . this mechanism would have been acclaimed as one of the greatest triumphs of the human mind." He means that:
Psychological Construct
An abstract idea or concept that is developed to understand and evaluate mental processes and behaviors.
Resilience
Resilience is the psychological ability of an individual to adapt well in the face of adversity, trauma, tragedy, threats, or significant sources of stress, often enabling personal growth and emotional strength.
High-Risk Approach
A strategy focusing on the prevention or mitigation of risks by identifying and managing those most likely to experience negative outcomes or posses high-risk factors.
Universal Approach
An approach to prevention programs designed to include all individuals in a certain geographical area (for example, the neighbourhood, the city, the province) or a certain setting (for example, school, the workplace, a public housing complex).
Q9: If a tax is levied on the
Q22: Which of the following is correct concerning
Q24: (Figure: Demand Curve) Refer to the figure.
Q104: (Figure: Tax on Consumers of Gadgets) Refer
Q167: Figure: Market Activity with and without Trade
Q172: A subsidy causes deadweight loss:<br>A) only because
Q181: (Figure: Supply and Demand with Subsidy) Refer
Q206: New housing takes some time to build,
Q223: Futures:<br>A) require people to be present in
Q271: (Figure: Effects of Price Ceilings) Refer to