What Is the Informal Language That Programmers Use to Create

question 1

Multiple Choice

What is the informal language that programmers use to create models of programs that have no syntax rules and are not meant to be compiled or executed?

• A) flowchart
• B) Algorithm
• C) Code
• D) Pseudocode

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Definitions:

Efficient Market

A market in which prices fully reflect all available information and assets are priced accurately.

Moral Hazard

The situation where one party takes risks because they know they will not bear the full consequences of their actions, often due to asymmetric information or contracts.

Supply Curve

A visual model that illustrates the association between the pricing of goods and their supply quantity.

Diversification

Reducing risk by investing in several different things, so that the possible losses are independent events.