In a Market System, Resources Flow from Lower-Valued Uses to Higher-Valued

question 33

Multiple Choice

In a market system, resources flow from lower-valued uses to higher-valued uses because of

• A) the dictates of the government.
• B) the desires of business to make a profit.
• C) first come, first served.
• D) the consumer is always right.
• E) comparative advantage.

---

Definitions:

Oedipus Complex

A Freudian theory describing a child's feelings of desire for their opposite-sex parent and jealousy towards the same-sex parent.

Latency Period

A phase in psychosexual development, occurring roughly between the ages of six and puberty, when sexual urges are repressed or dormant.

Freud's Theory

A set of psychoanalytic theories developed by Sigmund Freud, emphasizing unconscious conflict, stages of sexual development, and the structure of personality (id, ego, and superego).

Trait Theories

A group of theories that focus on the identification and measurement of specific personality characteristics and patterns of behavior.