What Does Reliability Ensure

question 296

Multiple Choice

What does reliability ensure?

• A)the system has the ability to operate in many different operating systems
• B)the system is easy to learn and efficient and satisfying to use
• C)the system is functioning correctly and providing accurate information
• D)the time frames when the system is operational

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Definitions:

Positive Externality

A benefit that affects someone who did not choose to incur that benefit, often leading to an under-provision of a good or service.

Vaccination

A medical intervention that introduces a substance to stimulate the body's immune response against disease.

Producer Surplus

The discrepancy between what sellers are prepared to take for a product or service and the actual payment they get in the marketplace.

Efficiency Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is not achievable.