One of the Basic Principles of Economics Is That Markets

question 211

Multiple Choice

One of the basic principles of economics is that markets are usually a good way to organize economic activity. This principle is explained by the study of

• A)factor markets.
• B)energy markets.
• C)welfare economics.
• D)labor economics.

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Definitions:

Transmittal

Transmittal refers to the process of officially sending or transferring documents or information from one party to another.

Executive Summary

A concise, comprehensive overview of a document or report, highlighting its most important points.

Proposal

A formal plan or suggestion put forward for consideration or discussion by others.

Qualification of Personnel

The skills, education, and experience that make an individual capable and suitable for a specific job or task.