An Attempt to Overcome Personal Deficiencies (Real or Imagined)by Excelling

question 100

Multiple Choice

An attempt to overcome personal deficiencies (real or imagined) by excelling in some activity is called

• A)rationalization.
• B)sublimation.
• C)compensation.
• D)reaction formation.

---

Definitions:

Autarky

A situation where a country or economy operates in total self-sufficiency, without engaging in international trade.

Production Possibilities

The different quantities of various goods and services that an economy can produce with given resources and technology.

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.

Comparative Advantage

The ability of a country, individual, or firm to produce a particular good or service at a lower opportunity cost than others.