In the Absence of Externalities,the "Invisible Hand" Leads a Market

question 73

Multiple Choice

In the absence of externalities,the "invisible hand" leads a market to maximize

• A)producer profit from that market.
• B)total benefit to society from that market.
• C)both equity and efficiency in that market.
• D)output of goods or services in that market.

Evaluate different theoretical approaches to crime or law using current news stories.

Compare and contrast classical criminology, biological, and sociological approaches to understanding crime.

Discuss the foundations and criticisms of classical criminology.

Understand the historical context and purpose behind the enactment of labor laws such as the Norris-LaGuardia Act and the National Labor Relations Act (NLRA).

---

Definitions:

Pleasure Principle

A psychoanalytic concept that describes the instinctual seeking of pleasure and avoidance of pain in order to satisfy biological and psychological needs.

Personality

A combination of features that delineates an individual's unique character.

Psychoanalytic Theory

A body of theories developed by Sigmund Freud that emphasizes the role of unconscious processes and experiences in early childhood on later personality and behavior.

After-The-Fact Explanations

Reasonings or interpretations provided retrospectively to justify or make sense of events that have already occurred.