Write $2.4 \times 10 ^ { - 4 }$ In Standard Notation

question 21

Multiple Choice

Write $2.4 \times 10 ^ { - 4 }$ in standard notation.

• A) 0.00024
• B) 2,400
• C) 0.0024
• D) 24,000

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Definitions:

Median Voter

The voter positioned at the median of the preference spectrum, whose choices can represent the most typical or moderate viewpoint in the voting population.

Economically Inefficient

A situation where resources are not allocated in a way that maximizes the total benefit to society, often resulting in wasted or misallocated resources.

Voter Failure

A situation where voters are uninformed or make irrational decisions, leading to outcomes not reflecting the true preferences of the majority.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a utility level equal to the cost of producing it.