What Does the Bureau of Labor Statistics Project for Database

question 14

Multiple Choice

What does the Bureau of Labor Statistics project for database administration jobs?

• A)They will grow 11 percent through the year 2026.
• B)They will decline 5 percent through the year 2026.
• C)They will neither grow nor decline through the year 2026.
• D)They will become obsolete by the year 2026.

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Definitions:

Demand Elasticities

Demand elasticities measure how sensitive the quantity demanded of a good or service is to changes in its price, income levels, or other factors.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to buy at various prices.

Competitive Price-Searcher

A market condition where firms continually search for the best prices to maximize their profits in a competitive environment.

Economic Efficiency

The optimization of resources to best fulfill the needs and wants of individuals and society with the least waste.