Which of the Following Functions Is a Logical Function That

question 30

Multiple Choice

Which of the following functions is a logical function that returns TRUE if any condition is true and FALSE if not?

• A) TO(value if true, value if false)
• B) AND(condition 1, condition 2…)
• C) OR(condition 1, condition 2…)
• D) IF(condition, value if true, value if false)

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Definitions:

Supply Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity that suppliers are willing to offer for sale over a given period.

Capital Flow

The movement of money for the purpose of investment, trade, or business production.

Zero-Profit Equilibrium

A market condition where firms earn just enough revenue to cover their total costs, resulting in no economic profit.

Sector X

Sector X does not represent a specific sector in economic terms; it's a placeholder for an unspecified sector of the economy.