A Relation ________

question 86

Multiple Choice

A relation ________.

• A)has rows containing data about an entity
• B)has columns containing data about attributes of the entity
• C)has cells that hold only a single value
• D)has no two identical rows
• E)All of the above.

---

Definitions:

Allocative Efficiency

A state of resource distribution where resources are allocated in a way that maximizes the total benefit received by all members of society.

Purely Competitive Industry

An industry characterized by many small firms producing identical products, where no single firm can influence the market price.

Demand

The volume of goods or services that consumers are prepared and financially able to buy at a range of prices within a set period.

Creative Destruction

The process by which new innovations cause the demise of existing technologies, firms, or products, considered essential for progress in a capitalist economy.