Which of the Following Serves as a Basis for Doomsday

question 70

Multiple Choice

Which of the following serves as a basis for doomsday forecasts?

• A)Crowding out.
• B)The price mechanism.
• C)Resource constraints.
• D)Substitution effects.

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Definitions:

Implied Authority

Authority of an agent that is not expressly granted but is inferred from the acts or the conduct of the principal.

Apparent Authority

A form of authority that a third party reasonably believes an agent has, based on the principal's representations, leading the third party to conclude that the agent is acting within the scope of their authority.

Voidable

A legal term referring to a contract or agreement that may be declared invalid by one of the parties due to issues like fraud or misrepresentation.

Contractual Capacity

The legal ability of an individual or entity to enter into binding contracts, requiring understanding and agreement to the contract's terms.