Consider the Following Enumeration Enum Speed { FAST, MEDIUM, SLOW

question 11

Multiple Choice

Consider the following enumeration enum Speed { FAST, MEDIUM, SLOW };

• A) The ordinal value of MEDIUM is 2
• B) The ordinal value of SLOW is 1
• C) The name of the Speed enumeration whose ordinal value is zero is FAST
• D) The name of the Speed enumeration whose ordinal value is one is SLOW
• E) None of the above

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Definitions:

Adam Smith

A Scottish economist and philosopher, widely known as the father of modern economics, best known for his theory of the invisible hand and the book "The Wealth of Nations."

Opportunity Cost

The outcome of selecting an alternative is the exclusion of potential benefits that could have been achieved with other selections.

Equilibrium Output

The level of output at which the quantity supplied equals the quantity demanded, leading to a stable market condition without surplus or shortage.

Purely Competitive Market

A theoretical market structure characterized by an infinate number of buyers and sellers, homogeneous products, and no barriers to entry or exit.