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Which statement is true about the code snippet below? ArrayList<String> names = new ArrayList<String>() ;
Names.add("John") ;
Names.add("Jerry") ;
ArrayList<String> friends = new ArrayList<String>(names) ;
Names.add("Harry") ;
Competitive Market System
An economic system where many buyers and sellers interact in the marketplace, with the forces of supply and demand determining prices and output levels.
Innovation
Innovation is the process of translating an idea or invention into a good or service that creates value or for which customers will pay.
Economic Profits
Profits in excess of what is considered normal or expected, considering both explicit and implicit costs.
Five Fundamental Questions
Key questions in economics that address what to produce, how to produce, for whom to produce, when to produce, and where to produce goods and services.
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