The Marketplace Allocates Resources

question 106

Multiple Choice

The marketplace allocates resources

• A)fairly.
• B)efficiently.
• C)to those desiring them least.
• D)both efficiently and equitably.

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Definitions:

Social Exchange Theory

A sociological and psychological theory that studies the social behavior in the interaction of two parties that implement a cost-benefit analysis to determine risks and benefits.

Consummate Love

A term in Sternberg's Triangular Theory of Love that represents the ideal form of love, characterized by the combination of intimacy, passion, and commitment.

Situationism

A theory in psychology that suggests human behavior is largely determined by surrounding circumstances rather than personal qualities.

Dispositionism

A theoretical perspective that attributes a person's behavior primarily to inherent traits, characteristics, or dispositions rather than to external circumstances.