Examlex
Assuming that a user enters 45 as the brightness of a lamp, which of the following hand-trace tables is valid for the given code snippet?
Int brightness = 0;
String description = "";
Scanner in = new Scanner(System.in) ;
System.out.print("Enter your lamp brightness (in watts) : ") ;
Brightness = in.nextInt() ;
If (brightness >= 120)
{
Description = "very bright";
If (brightness >= 100)
{
Description = "bright";
}
}
Else
{
Description = "pleasant";
If (brightness <= 50)
{
Description = "dim";
}
}
Economically Efficient
A state where resources are allocated in a way that maximizes the production of goods and services, with no way to improve someone's condition without worsening another's.
Coase Theorem
A principle stating that if property rights are well-defined and transaction costs are low, parties will negotiate to correct externalities without government intervention.
Transaction Costs
Expenses incurred during the process of buying or selling goods and services that are not directly related to their price.
Negative Externality
A cost that is suffered by a third party as a result of an economic transaction.
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