The Statement That a Market in Equilibrium Leaves No Unexploited

question 14

Multiple Choice

The statement that a market in equilibrium leaves no unexploited opportunities for individuals is the

• A) Cost-Benefit Principle.
• B) Scarcity Problem.
• C) Efficiency Principle.
• D) Equilibrium Principle.
• E) Principle of Comparative Advantage.

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Definitions:

Old-Timer Resistance

The reluctance or opposition often exhibited by long-standing members within an organization to changes or new ideas.

Newcomer

A Newcomer is an individual who has recently joined an organization, group, or community, and is in the process of learning and adjusting to its norms and practices.

Temporary Employee

A worker hired for a predetermined, limited period of time or for the duration of a specific project or task.

Emotional Intelligence

The ability to recognize, manage, and convey personal emotional states, as well as to manage relationships with others wisely and with empathy.