If You Were Looking at Information in a Database and You

question 35

Multiple Choice

If you were looking at information in a database and you are able to see only the information you needed in the format you wanted,what type of database view is it?

• A)Logical view
• B)High-level view
• C)Subjective view
• D)Physical view

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Definitions:

Initial Endowment

The initial allocation of resources, money, or goods that an individual, institution, or country possesses.

Pareto Optimal

An allocation of resources from which it is impossible to reallocate to make any one individual better off without making at least one individual worse off.

Utility Function

A mathematical representation used in economics to model the satisfaction or happiness a consumer derives from consuming goods and services.

Edgeworth Box

A diagram used in microeconomics to show the distribution of resources and the optimality of trade-offs between two agents in an economy.