When Processing and Storing Data in the Cloud, It Is

question 29

Short Answer

When processing and storing data in the cloud, it is said to be "scalable". What does that mean?

Grasp the principle of the full faith and credit clause and how it applies to state judgements.

Comprehend the limitations and permissions for states to collect sales tax on Internet transactions.

Identify the criteria for determining the constitutionality of state laws under the establishment clause.

Analyze the application and implications of the dormant commerce clause on state legislation.

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Definitions:

Allocative Efficiency

Refers to a market situation where resources are apportioned in the most efficient manner, allowing for the optimal combination of goods and services production to meet consumer preferences.

Consumer Surplus

The variance between the aggregate sum consumers are prepared and capable of spending for a product or service and the aggregate sum they end up paying.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive following trade.

Marginal Benefit

The boost in pleasure or utility a person gets from purchasing one more unit of a product or service.