Autonomy Refers to

question 85

Multiple Choice

Autonomy refers to

• A)the belief that one has the competence to accomplish a given goal or task.
• B)the sense that one can gain skills and overcome obstacles.
• C)the need to engage in warm relations with other people.
• D)the sense that one is in control of one's own life.

---

Definitions:

Efficient Economy

An economic system where resources are allocated optimally to meet the needs and wants of its participants, minimizing waste.

Consumer Demand

The desire of purchasers, consumers, or buyers for products or services which they are willing and able to buy.

Efficient Market

A market in which prices fully reflect available information and adjust quickly to new data.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision or choice.