Ability Includes Which of the Following

question 89

Multiple Choice

Ability includes which of the following?

• A)Direction and intensity
• B)Persistence and direction
• C)Intensity and learned capabilities
• D)Aptitudes and learned skills
• E)Natural aptitude and intensity

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Definitions:

Market Shortage

A condition in which the quantity demanded of a good exceeds the quantity supplied at the market price.

Binding Price Ceilings

Regulatory limits on the price of goods and services that are set below the market equilibrium price, causing shortages.

Consumers

People or organizations that use economic goods and services for personal, household, or organizational purposes.

Price Ceilings

A legal maximum on the price at which a good can be sold, often set by government.