Examples of ___________ Include Data Storage and Computing Hardware That

question 108

Multiple Choice

Examples of ___________ include data storage and computing hardware that are accessed via the Internet instead of being company-owned and on-site in a data center.

• A)TPS
• B)DSS
• C)Cloud computing
• D)Real-time reporting systems

---

Definitions:

Efficiency Loss

Reductions in combined consumer and producer surplus caused by an underallocation or overallocation of resources to the production of a good or service. Also called deadweight loss.

Perfectly Inelastic

A situation where the demand or supply for a good or service remains unchanged regardless of changes in its price.

Excise Tax

Is a tax applied on the sale or production for sale of specific goods within a country.

Incidence

Refers to how the burden of a tax is distributed between buyers and sellers in the market.