The Ability of an Individual to Own and Exercise Control

question 148

Multiple Choice

The ability of an individual to own and exercise control over scarce resources is called

• A)market failure.
• B)property rights.
• C)externality.
• D)market power.

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Definitions:

Marketable

Capable of being sold or desirable to consumers or other businesses; having qualities that make something appealing to potential buyers.

Combination Résumé

A type of résumé that merges elements of chronological and functional résumés, highlighting both the applicant's skills and work history.

Employment History

A record of someone's past job positions, responsibilities, and durations, usually presented in a resume or CV.

Twitter

A social networking platform that allows users to post and interact with messages known as "tweets," used for both personal and professional communication.