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Using the four-fifths rule, if 70 percent of White applicants are selected, then the selection proportion of any minority group should be at least ___ percent.
Resource Extraction
The process of retrieving raw materials from the Earth for human use, such as mining, drilling, or harvesting.
Profit-Maximizing Firms
Businesses that aim to achieve the highest possible profit from their operations.
Market Failure
The inability of a market to bring about the allocation of resources that best satisfies the wants of society; in particular, the overallocation or underallocation of resources to the production.
Property Rights
Legal rights to possess, use, and dispose of assets such as land, buildings, goods, or intellectual property.
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