A State Probability When Equilibrium Has Been Reached Is Called

question 16

Multiple Choice

A state probability when equilibrium has been reached is called

• A)state probability.
• B)prior probability.
• C)steady state probability.
• D)joint probability.
• E)transition probability.

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Definitions:

Ratifies

To formally confirm or approve an agreement or treaty, making it officially valid.

Age Of Majority

The legally recognized age at which an individual is considered an adult and capable of making decisions and entering into contracts without parental consent.

Reasonable Period

Refers to a time frame that is considered fair and appropriate under the circumstances to perform a certain task or fulfill an obligation.

Disaffirm Contracts

The legal ability of one party, often a minor or someone not fully competent, to declare a contract void and release themselves from any contractual obligations.