When an IF Statement Checks Only One Condition and Performs

question 30

True/False

When an IF statement checks only one condition and performs actions only if the condition is True, it is referred to as a(n) simple IF condition. _________________________

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Definitions:

Invisible Hand

A concept introduced by Adam Smith to describe the self-regulating nature of the market, where individual self-interests unintentionally benefit the economy as a whole.

Market Failures

Circumstances where a free market's distribution of goods and services is inefficient, frequently warranting the involvement of the government.

National Economic Plan

A comprehensive strategy formulated by a government to stabilize the economy and stimulate growth.

Incentive Problem

A situation where the motivations of individuals or groups do not align with broader goals or desired outcomes, often leading to inefficiency or conflict.