According to Walras' Law, in a General Competitive Equilibrium with a Total

question 26

Multiple Choice

According to Walras' Law, in a general competitive equilibrium with a total of ____ markets, if supply equals demand in the first _____ markets, then supply will equal demand in the _____ market as well.

• A)three; two; first
• B)three; three; third
• C)three; two; third
• D)three; three; first

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Definitions:

Career Planning

The process of mapping out steps for a person's career path, including short and long-term career goals and the means to achieve them.

Human Resource Department

The department within an organization that is responsible for managing employee-related processes including recruitment, training, and compliance.

Strategic Human Resource Development

The identification of needed skills and active management of employees’ learning in relation to corporate strategies.

Employee Learning

The process through which employees acquire new skills or knowledge, contributing to their personal development and organizational needs.