The Temperature Reading Taken Using Centigrade and Fahrenheit Thermometers Are

question 48

Multiple Choice

The temperature reading taken using Centigrade and Fahrenheit thermometers are plotted on a graph -°C along X-axis, °F along Y-axis. The shape of graph would be

• A)Straight line cutting an intercept on the negative Y-axis
• B)Straight line cutting an intercept on the positive Y-axis
• C)Straight line cutting an intercept on the negative X-axis
• D)273°C
• E)Straight line cutting an intercept on the positive X-axis

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Definitions:

Efficient Allocation

Efficient allocation involves the distribution of resources in a manner that maximizes productivity and utility, often considered optimal in economic theory.

Government Failure

Situations where government interventions in the market lead to inefficiencies, misallocation of resources, or failure to achieve desired social or economic outcomes.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Government Failure

Situations where government intervention in the economy creates inefficiencies or worsens outcomes.