A Parameter Variable, Often Simply Called A(n)____________, Is a Special

question 7

Multiple Choice

A parameter variable, often simply called a(n) ____________, is a special variable that receives an argument when a method is called.

• A) parameter
• B) argument
• C) reference
• D) variable

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Definitions:

Private Markets

Markets where transactions occur between private entities without significant government intervention, focusing on the exchange of goods and services among individuals and businesses.

Marginal Social Benefit

The additional benefit to society as a whole from increasing the output of a good by one unit.

Private Cost

The costs directly incurred by those who are producing or consuming goods or services.

Marginal Social Benefit

The additional gain to society as a whole from an extra unit of production.