Consider the Following Code Snippet: Public Class SavingsAccount Extends BankAccount

question 27

Multiple Choice

Consider the following code snippet: public class SavingsAccount extends BankAccount { . . . }
Public class CheckingAccount extends BankAccount { . . . }
) . .
SavingsAccount[] savingsAccounts = new SavingsAccount[100]; //Line 1
BankAccount bankAccounts = savingsAccounts; //Line 2
BankAccount myAccount = new CheckingAccount() ; //Line 3
BankAccounts[0] = myAccount; //Line 4
Which of the following statements regarding this code is correct?

• A) Line 2 will cause a compile-time error.
• B) Line 2 will cause a run-time error.
• C) Line 4 will cause a compile-time error.
• D) Line 4 will cause a run-time error.

Comprehend the impact of price changes on the quantity demanded due to the law of diminishing marginal utility.

Recognize the factors influencing demand and supply in competitive markets.

Grasp the concept of marginal utility and how it guides consumer choices and spending.

Identify the substitution and income effects in response to price changes.

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Definitions:

NLRA Deregulated

Refers to the weakening or removal of regulations under the National Labor Relations Act, which governs labor relations in the United States.

Mainstream Economics

This term describes the body of economic thought considered dominant in the academic discipline; it focuses on the use of mathematical models to describe economic processes.

Social Movement Unionism

A labor union strategy that combines traditional union organizing with broader social and political activism, often aligning with various social movements.

New Public Management

An approach to running public sector organizations that is inspired by private sector management techniques, focusing on efficiency, performance measurement, and the use of market mechanisms.