In the Long Run, Under Which Allocation Mechanism Will a Society

question 13

Multiple Choice

In the long run, under which allocation mechanism will a society grow most quickly?

• A) Market
• B) Government
• C) First-come, first served
• D) Random
• E) All of these mechanisms will lead to long-run, sustained economic growth

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Definitions:

Extravert

A personality trait characterized by a focus on external sources of stimulation and a high level of outgoingness and sociability.

Big Five

A model outlining five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Openness

A personality trait characterized by an appreciation for adventure, variety, and novel experiences.

Pessimistic Attributional Style

refers to a tendency to blame oneself for negative events and expect adverse outcomes, which can lead to depression and anxiety.