The Series of Instructions That Tell a Computer How to Carry

question 147

Short Answer

The series of instructions that tell a computer how to carry out processing tasks is referred to as a computer ____________________.

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Definitions:

Output Efficiency

A state where resources are allocated in the most effective manner, producing the maximum amount of goods and services.

Willingness To Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting their valuation of it.

Trade Agreement

A contractual arrangement between countries regarding their trade relationships and tariffs.

Microeconomics

Branch of economics that deals with the behavior of individual economic units—consumers, firms, workers, and investors—as well as the markets that these units comprise.