The Tendency of Markets to Automatically Gravitate Toward Equilibrium Is

question 78

Multiple Choice

The tendency of markets to automatically gravitate toward equilibrium is an application of the:

• A)Scarcity Principle.
• B)Cost-Benefit Principle.
• C)Principle of Comparative Advantage.
• D)Incentive Principle.

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Definitions:

Functionalism

A perspective in psychology that focuses on the purpose of consciousness and behavior in adapting to the environment.

Health Care Settings

Environments where health care services are provided, such as hospitals, clinics, and long-term care facilities.

Private Practice

The business of a professional practitioner, such as a doctor or lawyer, conducted independently and not as part of an organization or institution.

Business

The practice of engaging in commerce, including the creation, marketing, and sale of goods and services.