________ Refer(s)to a Program or Set of Programs That Tell

question 84

Multiple Choice

________ refer(s) to a program or set of programs that tell the computer to perform certain tasks.

• A) Software
• B) Firmware
• C) Hardware logic
• D) Data
• E) Networks

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Definitions:

Socialism

An economic system in which the government owns most of the productive resources except labor; it usually involves the redistribution of income.

Private Ownership

The ownership of property and businesses by individuals or corporations rather than by the government or the public as a whole.

Redistribution of Income

The transfer of income and wealth from some individuals to others through a social mechanism such as taxation, charity, welfare, public services, land reform, or monetary policies.

Circular Flow Model

An economic model that depicts the movement of goods, services, and money between households and businesses in an economy.