Which of the Following Is TRUE

question 409

Multiple Choice

Which of the following is TRUE?

• A) When resources are allocated on the basis of personal characteristics, all people who are willing and able to pay the price get the resource.
• B) When the range of activities to be monitored is large and complex, a command system allocates resources better than a market price.
• C) When a market price allocates resources, some people who are willing and able to pay that price don't get the resource.
• D) Force helps support the legal system on which markets function.

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Definitions:

Scale Back Features

The process of reducing the number or complexity of features in a product or project, typically to focus resources or meet constraints like time or budget.

Megapixel

A unit of graphic resolution equivalent to one million pixels, commonly used to denote the resolution of digital cameras or images.

Digital Camera

A device that captures photographs in a digital format, storing them electronically for viewing, editing, and sharing.

Binary Color Numbers

A method of representing color values using binary code, typically used in digital displays and image formats.