Match Each Term with the Correct Statement Below.

question 7

Multiple Choice

Match each term with the correct statement below.
-One million cycles per second

• A)Monitor
• B)CPU
• C)Megahertz
• D)Flash ROM
• E)Mouse
• F)Hertz
• G)Keyboard
• H)Gigahertz
• I)Motherboard

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Definitions:

Deadweight Loss

An economic inefficiency that occurs when the total welfare in a market is not maximized, resulting from distortions such as taxes, subsidies, or monopolies.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in its price.

Tax Revenues

Tax revenues are the income that governments collect from individuals, corporations, sales, and other sources, used to fund public services and operations.

Tax Increases

Government actions that raise the amount of taxes levied on individuals, businesses, or transactions, affecting income, purchasing power, and investment.