Case-Based Critical Thinking Questions Case 6-1 James Is Setting Up

question 21

Multiple Choice

Case-Based Critical Thinking Questions Case 6-1 James is setting up user accounts on his new computer. He would like to create several accounts with different privileges. Answer the questions James asks himself. James wants to set up another account that can be used by his friends when they are coming to his house and would like to check their e-mails or view the latest sport news. What type of user account should he set up?

• A) non-standard user
• B) on-line user
• C) Guest
• D) Visitor

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Definitions:

Short-Run Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable temporarily.

Money Supply

At any given time, the total economic assets available in an economy, which consist of cash, coins, and the balances in checking and savings accounts.

Long Run

A period of time sufficient for all inputs in the production process to be adjusted, including both fixed and variable resources.

Short-Run Equilibrium

A state in which market supply equals market demand at a particular price level, but where all factors of production and costs are not fully adjustable.