In Which of the Following Industries Is Standardization More Likely

question 74

Multiple Choice

In which of the following industries is standardization more likely to be pursued?

• A) local industries
• B) software
• C) publishing
• D) credit cards

Comprehend the foundations and implications of trade and absolute advantage.

Recognize the function of markets and the movement of resources and goods.

Appreciate the significance of production possibility frontiers (PPFs) and opportunity cost.

Understand economic efficiency, including allocative and productive efficiency.

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Definitions:

Read-Only Memory (ROM)

A type of non-volatile memory used in computers and electronic devices, storing data permanently and typically containing the system's firmware.

Swap File

A file on a hard disk used as a temporary storage area for data that cannot be held in the main system memory.

Virtual Memory

A memory management capability of an operating system that uses hardware and software to allow a computer to compensate for physical memory shortages, temporarily transferring data from random access memory (RAM) to disk storage.

Hard Drive

A data storage device used in computers and some other digital systems to store and retrieve digital information using one or more rigid rapidly rotating disks coated with magnetic material.