In What Way Does the Invisible Hand of the Marketplace

question 62

Multiple Choice

In what way does the invisible hand of the marketplace act to allocate resources

• A)efficiently, but not necessarily ensuring fairness
• B)not only fairly but also efficiently
• C)fairly, but not necessarily ensuring efficiency
• D)not only efficiently but also equitably

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Definitions:

Freud

Sigmund Freud was an Austrian neurologist who is best known for developing psychoanalytic theory, which emphasizes unconscious psychological processes.

Royal Road

Historically, a metaphorical expression suggesting a direct and easy way to achieve a goal or uncover truths.

Childhood Sexual Instincts

Freudian theory's assertion of innate sexual feelings and drives present from early childhood, influencing personality development.

Neo-Freudian

Refers to theorists who were influenced by Freud but developed their own distinct theories and beliefs, often diverging from Freud's emphasis on sexual drive.