One Advantage to Using a Named Constant Is That the Statement

question 23

Multiple Choice

One advantage to using a named constant is that the statement becomes ____.

• A) self-perpetuating
• B) self-documenting
• C) self-referencing
• D) self-mitigating

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Definitions:

Market Output

The total quantity of goods and services produced and offered for sale in a market.

External Benefits

Positive effects experienced by third parties as a result of an economic transaction not directly involved.

Efficient Outcome

A situation in which no individual can be made better off without making someone else worse off, typically referring to an optimal allocation of resources.

Output Level

The total quantity of goods or services produced by a firm or industry within a specific period.