Large, Bulky Tape Drives Have Been Replaced with Much Smaller

question 1

True/False

Large, bulky tape drives have been replaced with much smaller tape cartridge devices measuring a few millimetres in diameter that take up much less floor space and allow hundreds of tape cartridges to be stored in a small area.

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Definitions:

Trade War

A situation where countries impose tariffs or other trade barriers against each other in response to disputes, which can lead to decreased international trade.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay.

Predatory Dumping

It involves temporarily reducing the price of goods in foreign markets to eliminate competition, with the intent to raise prices once competition has been reduced or eliminated.

Tariff

A tax imposed on imported goods and services, which can affect trade between countries by increasing the cost of imported goods.