The Mechanism That Normally Coordinates What Goes on in an Economy

question 30

Multiple Choice

The mechanism that normally coordinates what goes on in an economy is the

• A) government.
• B) price system.
• C) stock market.
• D) Federal Reserve.

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Definitions:

Sublimation

Used unconsciously to express socially unacceptable instinctive drives or impulses in approved and acceptable ways.

Painful Situation

A distressing or discomforting circumstance that causes mental or physical pain.

Projection

A defense mechanism of trying to blame another for one’s own inadequacies.

Compensation

Payment or reward given for services rendered, work done, or for some injury or loss.