In a _____ Economy, Private Individuals (As Opposed to a Central

question 23

Multiple Choice

In a _____ economy, private individuals (as opposed to a central planner) make decisions.

• A) market
• B) government controlled
• C) socialist
• D) barter

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Definitions:

Psychosexual Development

Freud's theory that childhood stages of development (oral, anal, phallic, latency, genital) affect an individual's adult personality.

Superego

Part of the Freudian psychoanalytic theory, representing the ethical component of personality that provides the moral standards by which the ego operates.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality.

Phallic

Pertains to the third stage in Freud's psychosexual development theory, focusing on the pleasure center around the genital area during the ages of 3 to 6 years.