The "Informal Defence" of Free Markets Includes the Argument That

question 36

Multiple Choice

The "informal defence" of free markets includes the argument that markets

• A)provide automatic coordination of the actions of decentralized decision makers.
• B)achieve the maximum feasible rate of economic growth.
• C)lead to allocative efficiency.
• D)permit a centralization of economic power.
• E)lead to productive efficiency.

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Definitions:

Affective Stimuli

Sensory inputs that primarily elicit emotional reactions, affecting mood and feelings.

Motivational Impulses

Innate or learned tendencies to act in a way that satisfies certain needs or achieves particular goals.

Affective Impulses

Emotions or feelings that impulsively drive behavior.

Smaller Rewards

Incentives of lower value that are offered or given as a means to motivate behavior or participation.