If No Special Symbol Exists to Depict a Function,verbal Descriptions

question 136

True/False

If no special symbol exists to depict a function,verbal descriptions are used in the flowchart.

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Definitions:

Prices

The amount of money required to purchase a good, service, or asset.

Goods

Goods are tangible items that satisfy human wants or needs, which can be transferred from one person to another and include consumer products, commodities, and durable goods.

Indifference Schedule

A graphical representation in economics that shows combinations of goods among which a consumer is indifferent.

Unit of Y

A hypothetical unit used in economic models to represent output or goods produced.