Simulations May Have Game-Like Qualities, and Virtual Worlds May Be

question 43

True/False

Simulations may have game-like qualities, and virtual worlds may be used to present a simulation.

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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity supplied by producers.

Tax Burden

The total amount of taxes paid by individuals or businesses, relative to their income or profit.

Rental Housing

Dwelling units leased or rented to tenants under a contract or agreement, providing a place to live in exchange for payment.

Price Ceiling

A legal maximum price at which a good can be sold, often set by government to control prices.