Economists Generally Define Institutions as All of These,EXCEPT as A

question 195

Multiple Choice

Economists generally define institutions as all of these,EXCEPT as a:

• A) government free of corruption.
• B) government that controls resource allocation.
• C) legal system that enforces contracts and laws.
• D) strong monetary system.

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Definitions:

Id

In psychoanalysis, a part of the mind in which innate instinctive impulses and primary processes are manifest.

Ego

Part of the psyche that mediates between the conscious, the unconscious, and reality, operating based on the reality principle, according to Freudian theory.

Basic Traits

Fundamental personality characteristics that are relatively stable over time and across situations.

Personality

A unique combination of emotional, attitudinal, and behavioral response patterns of an individual, distinguishing one person from another.