Program Data Editing Techniques May Be Applied to

question 112

Multiple Choice

Program data editing techniques may be applied to

• A) fields.
• B) records.
• C) files.
• D) All of these answers are correct.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that one person's consumption does not reduce the availability to others, and it's hard to prevent people from using them.

Nonrivalry-in-Consumption

A characteristic of certain goods where one person's consumption does not reduce the availability of the good for consumption by others.

External Benefit

A benefit that results from an economic transaction but is received by individuals or groups who are not direct parties to the transaction.

Economic Efficiency

A situation where the allocation of resources produces the maximum possible satisfaction of our wants without wasting any resources.