When Used in a Professional or Technical Sense, the Law

question 65

Multiple Choice

When used in a professional or technical sense, the law of supply and demand refers to

• A)some vague influences on economic affairs.
• B)the fact that prices go up when commodities are scarce.
• C)the market forces that show how prices and quantities are determined.
• D)the controls that regulate the amount of scarce goods that each consumer can purchase.

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Definitions:

Job-Application Letter

A formal letter sent to an employer along with a resume detailing the applicant's credentials and interest in an open position.

Professional Brand

The marketable image or identity built around an individual's skills, expertise, and career goals.

Passive Applicant

An individual who is not actively seeking a new job but is open to discussing potential job opportunities.

Chronological Résumé

A type of résumé that lists a person’s work history in chronological order, starting with the most recent position.