Question 1

Describe the concept of opportunity cost. | understanding opportunity &.

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A. The total cost of a decisionB. The monetary cost of a decisionC. The value of the next best alternative forgoneD. The sunk cost ...

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Economics Anonymous 3 months 0 Answers 5 views

Question 2

What is the difference between microeconomics and macroeconomics? | microeconomics.

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A. They are the same field of studyB. Microeconomics studies individuals; macroeconomics studies the entire economyC. Microeconomics studies the government; macroeconomics studies businessesD. They ...

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Question 3

Define unemployment and explain its types. | frictional unemployment &.

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A. Only those actively seeking work are considered unemployedB. Unemployment refers solely to those who have lost their jobsC. Unemployment encompasses various forms related to job searching, skill ...

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Question 4

What is the role of the World Trade Organization (WTO)?

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A. To regulate domestic marketsB. To set global interest ratesC. To oversee international trade and resolve disputesD. To manage foreign aid

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Question 5

How does fiscal policy influence the economy? | contractionary fiscal.

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A. It has no impact on the economyB. It only affects tax revenueC. It influences the economy through government spending and taxationD. It solely ...

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Question 6

What are the key characteristics of a market economy? |.

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A. Centralized planning and resource allocationB. Government control over production and distributionC. Private ownership, competition, and price signalsD. Subsistence farming and bartering

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Question 7

Explain the concept of Gross Domestic Product (GDP). | gdp.

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A. Total exports of a countryB. Total income of all householdsC. Total value of goods and services produced within a country's bordersD. Total investments ...

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Question 8

What is the primary function of a central bank? |.

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A. To regulate international tradeB. To set tax ratesC. To maintain currency stability and creditD. To manage government spending

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Question 9

How does inflation affect purchasing power? | purchasing power &.

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A. It increases purchasing power proportionallyB. It has no effect on purchasing powerC. It decreases purchasing powerD. It increases purchasing power for certain goods ...

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Question 10

What is the core principle behind the concept of comparative.

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A. Absolute advantage in all goodsB. Producing goods with the highest domestic demandC. Minimizing production costs regardless of efficiencyD. Producing goods with the lowest ...

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Question 11

What does ‘debugging’ mean in computer programming? | debugging process.

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A. Writing the initial program codeB. Testing the program for performanceC. Identifying and fixing errors in a programD. Compiling the program into machine code

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Question 12

What is an algorithm? | algorithms critical & analysis algorithms

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A. A type of computer hardwareB. A programming languageC. A step-by-step procedure for solving a problemD. A type of software application

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Computer Science Anonymous 3 months 0 Answers 5 views

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