Case-Based Critical Thinking Questions

question 110

Multiple Choice

Case-Based Critical Thinking Questions
Case 12-3
Agnes is talking with Bert and Ernesto, and they are discussing object-oriented programming. Agnes is asking some detailed questions that Bert and Ernesto can't answer. You agree to help answer the questions.
-Bert heard some people discussing classes.He wanted to know if he could go,and you told him in object-oriented terminology a class is ____.

• A) an entity
• B) a template for a group of objects with similar characteristics
• C) a characteristic
• D) none of the above

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Definitions:

Price Inelastic

Describes a situation where the demand for a product does not change much in response to changes in its price.

Income Elastic

A measure of how the demand for a good or service changes in response to changes in consumers' income.

Price Inelastic

A characteristic of a good or service for which demand does not significantly change with a change in its price.

Price Support

The term used to refer to price floors applied to farm commodities; the minimum price that the government allows farmers to receive for farm commodities like wheat or corn.