Scarcity and Choice Are the Basic Problems of Economics; the Supply

question 139

True/False

Scarcity and choice are the basic problems of economics; the supply and demand mechanism is the basic investigative tool of economics.

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Definitions:

KVM Switch

A hardware device that allows a user to control multiple computers from one or more sets of keyboards, video monitors, and mice.

Caps Lock

A keyboard key that, when activated, causes all letter keys to produce uppercase characters.

Storage Devices

Hardware used to store and retrieve digital information, such as hard drives, SSDs, USB drives, and memory cards.

Gigabyte

Approximately 1 billion bytes of information (exactly 1,073,741,824 bytes); abbreviated GB.