Answer the Question. -Which of the Statements Below Suggests an Appropriate Level of Appropriate

question 283

Multiple Choice

Answer the question.
-Which of the statements below suggests an appropriate level of precision?

• A)Worldwide there will be 133.147 million births next year.
• B)Worldwide there will be 133,147,763 births next year.
• C)Worldwide there will be 100 million births next year. [to the nearest one hundred million]
• D)Worldwide there will be 133 million births next year.

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Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for significant differentiation and market power.

Long-Run Equilibrium

A state in which all factors of production and markets adjust fully to any changes, resulting in a stable economic environment without excess supply or demand.

Long-Run Equilibrium

A state in which all inputs and outputs in a market are fully adjusted and there is no tendency for change, often associated with perfect competition markets.