Traditional Data Formats Change ______ While Big Data Formats Change

question 10

Multiple Choice

Traditional data formats change ______ while big data formats change _______.

• A)slowly, rapidly
• B)rapidly, slowly
• C)slowly, incrementally
• D)both formats of data change at the same rate

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Definitions:

Opportunity Cost

is the value of the next best alternative forgone as a result of making a particular choice, highlighting the trade-offs in decision-making.

Absolute Advantage

The ability of a country or individual to produce a good or service more efficiently than others, using fewer resources.

Terms Of Trade

How much of one good exchanges for a unit of another good.

Comparative Advantage

The ability of a country or entity to produce a particular good or service at a lower opportunity cost than others, leading to more efficient international trade.