Which of the Following Variables Is Used to Store a Condition

question 88

Multiple Choice

Which of the following variables is used to store a condition that can be either true or false?

• A)Algebraic
• B)Logical
• C)Boolean
• D)Conditional

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Definitions:

Price Mechanism

The system in which the forces of supply and demand determine the prices of goods and services in a market economy.

Wage

Compensation in the form of financial payment received by an employee from an employer in exchange for work performed.

Price Controls

Government regulations establishing maximum or minimum prices to be charged for specified goods and services, often intended to manage inflation or protect consumers.

Centrally Planned Economy

A type of economic system where decisions about production, investment, prices, and incomes are determined centrally by a government.