Figure 12-2 in a Diagram Such as the One Pictured

question 134

Multiple Choice

Figure 12-2 In a diagram such as the one pictured in Figure 12-2, a(n) ____ transforms an input data flow into an output data flow.

• A) data flow
• B) entity
• C) data store
• D) process

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Definitions:

Budget Line

A visual diagram showing every potential mix of two products that can be bought given specific income levels and price points.

Income

The amount of money received over a period of time, typically considered for individuals, households, or entities.

Prices Constant

A scenario in which the prices of goods and services remain unchanged over a period of time.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specified prices.