A Normal Good Is One

question 283

Multiple Choice

A normal good is one

• A) for which demand increases when income increases.
• B) with a downward sloping demand curve.
• C) for which demand increases when the price of a substitute rises.
• D) none of the above

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Definitions:

Static Addressing

Assigning a fixed IP address to a computer within a network, as opposed to dynamically assigning an IP address via DHCP.

Dynamic Addressing

A method in network computing where IP addresses are assigned to devices temporarily from a pool of available addresses, often through DHCP.

Domain Name

A part of a Uniform Resource Locator (URL). Domain names consist of two parts: the site’s host and a suffix that indicates the type of organization (e.g., popsci.com, where popsci is the domain name and com is the suffix).

DNS Server

A server that translates domain names into IP addresses, enabling users to access websites using human-friendly URLs rather than numerical IP addresses.