An Unplanned Economy Operating Under Laissez-Faire

question 53

Multiple Choice

An unplanned economy operating under laissez-faire

• A)allocates resources by market supply and demand.
• B)cannot respond to basic questions about production and distribution.
• C)shows breakdowns with frequent surpluses and shortages.
• D)allocates goods and services under government subsidy.

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Definitions:

Self-esteem

The confidence and sense of personal value that a person has for themselves.

Social Competence

The collection of social, emotional, cognitive, and behavioral skills that enable individuals to effectively navigate social interactions and relationships.

Achievement Motivation

The drive or urge to accomplish goals or meet high standards of performance.

Postconventional Level

According to Kohlberg, a period during which moral judgments are derived from moral principles and people look to themselves to set moral standards.