Which of the Following Is True of Equilibrium

question 49

Multiple Choice

Which of the following is true of equilibrium?

• A) Equilibrium refers to a situation where the government allocates resources among economic agents.
• B) Equilibrium refers to a situation where all economic agents simultaneously optimize after considering one another's actions.
• C) Equilibrium refers to a situation where all economic agents are making suboptimal choices and have an incentive to change their behavior.
• D) Equilibrium refers to a situation where an economic agent can be made better off without making anyone else worse off.

---

Definitions:

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Cumulative Experience

The total knowledge or skill that is gained through repeated exposure or activity over time.

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for concepts like archetypes, the collective unconscious, and individuation.

MBTI

The Myers-Briggs Type Indicator, a personality inventory classifying individuals into 16 psychological types based on preferences in perceiving the world and making decisions.