What Is a Telecommunications System

question 60

Multiple Choice

What is a telecommunications system?

• A)A system that enables the transmission of data over public or private networks.
• B)A communications, data exchange, and resource-sharing system created by linking two or more computers and establishing standards, or protocols, so that they can work together.
• C)Any network without a central file server and in which all computers in the network have access to the public files located on all other workstations.
• D)A computer that is designed to request information from a server.

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Definitions:

Import Quota

A government-imposed limit on the quantity of a certain good that can be imported into a country over a specified period of time.

World Price

The international market price of a good or service, determined by global supply and demand conditions.

Net Welfare Loss

The loss of social welfare, typically due to inefficient market conditions or government interventions.

Specific Tariff

A fixed fee imposed by a government on imported or exported goods, which is based on the quantity of the item rather than its value.