The Basic Tools of Supply and Demand Are

question 116

Multiple Choice

The basic tools of supply and demand are

• A)useful only in the analysis of economic behavior in individual markets.
• B)useful in analyzing the overall economy, but not in analyzing individual markets.
• C)central to microeconomic analysis, but seldom used in macroeconomic analysis.
• D)central to macroeconomic analysis as well as to microeconomic analysis.

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Definitions:

Output Stream

An abstraction used in programming for writing data to a destination, which could be a file, a network socket, or another target.

Binary File

A binary file is a file that contains data in a format not intended for interpretation as text.

Text File

A simple file type that contains plain text without any formatting.

ASCII File

A text file that uses the ASCII (American Standard Code for Information Interchange) character encoding.