When Comparing Partial Equilibrium Effects to General Equilibrium Effects One

question 77

Multiple Choice

When comparing partial equilibrium effects to general equilibrium effects one can conclude that

• A) general equilibrium effects are always larger.
• B) partial equilibrium effects are always larger.
• C) the effects are of equal size.
• D) one cannot determine before the fact which effect is greater.

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Definitions:

Freud

An Austrian neurologist named Sigmund Freud created psychoanalysis, a therapeutic approach that treats mental illnesses by facilitating discussions between a patient and a psychoanalyst.

Superego

A component of Freud's psychoanalytic theory of personality, representing the moral conscience and ideal standards imposed by society and parents.

Adolescence

The period of life from about age 13 to the early 20s, during which a young person is no longer physically a child but is not yet an independent, self-supporting adult.

Superego

A component of Freud's psychoanalytic theory, representing the moral conscience and the ideals of parents and society.