An Amazon EC2 Instance Runs Only When Needed Yet Must

question 531

Multiple Choice

An Amazon EC2 instance runs only when needed yet must remain active for the duration of the process. What is the most appropriate purchasing option?

• A) Dedicated Instances
• B) Spot Instances
• C) On-Demand Instances
• D) Reserved Instances

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity can significantly influence prices or market conditions.

Government Intervention

The involvement of government in the market, aimed at correcting market failures, redistributing income, or achieving societal goals.

Excise Tax

A tax levied on specific goods, services, or activities, often with the aim of reducing their consumption or generating revenue.

Equilibrium Output

The level of output at which the quantity supplied equals the quantity demanded in a market.