The Type of Data That Is Represented Using an Infinite

question 56

Multiple Choice

The type of data that is represented using an infinite scale of values is ____.

• A) information
• B) analog
• C) digital
• D) none of the above

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Definitions:

Negative Externality

A situation where a third party suffers costs or harm as a result of an economic transaction between other parties, without compensation, such as pollution from a factory affecting nearby residents.

Property Values

The monetary worth assigned to real estate, determined by various factors including location, size, and condition of the property.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the additional satisfaction or benefit gained.

Producer Surplus

The contrast between what is an acceptable amount for producers for a good or service and the actual amount they are paid.