A Mainframe Computer Is Designed to Meet the Computing Needs

question 62

True/False

A mainframe computer is designed to meet the computing needs of hundreds of people in a large business environment. Mainframe computers are a step up in size, power, capability, and cost from minicomputers.

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Definitions:

Trade Balance

The difference in value between a country's imports and its exports; a surplus indicates more exports than imports, and a deficit the opposite.

Currency

The paper bills and coins in the hands of the public.

Open-Economy Macroeconomic Model

A framework used in economics to analyze and understand the behaviors and interactions of economies that engage in international trade and finance.

Import Quotas

Limits set by a government on the amount of a specific good that can be imported into the country.