The Invisible Hand Is Mostly Guided by ________

question 1

Multiple Choice

The invisible hand is mostly guided by ________.

• A) the costs of production
• B) the quantity of goods and services sold
• C) market prices
• D) government intervention

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Definitions:

Systematic Desensitization

A therapeutic technique used to help effectively overcome phobias and anxieties by gradually exposing the patient to the fear in a controlled setting.

Fixation

An obsessive focus or attachment to a person, object, or idea, which can interfere with normal psychological development or functioning.

Id

A component of Sigmund Freud's psychoanalytic theory, representing the instinctual drives and the source of psychic energy.

Superego

In psychoanalytic theory, the part of the personality that represents internalized ideals, providing standards for judgment and for future aspirations.