Gregor, a Software Developer, Is Developing a Calendar Application

question 54

Multiple Choice

Gregor, a software developer, is developing a calendar application. He has to use several if conditional statements to ensure that the calendar displays the exact number of days present in each month of each year. He creates a dayCount array to keep track of the number of days in each month.
-Gregor wants to create a condition to ensure that all the years divisible by 4 should contain 29 days in February.Which of the following statements should he use?

• A) if (thisYear % 4 === 0){
• DayCount[1] = 29;
• }
• B) if (this year/4 === 0){
• DayCount[2] = 29;
• }
• C) if (this year*4==0){
• DayCount[1] = 29
• }
• D) if (thisYear % 4 < = 29){
• DayCount[2] = 29;
• }

Explain the concept of deadweight loss and its relation to taxation.

Describe how the elasticity of demand and supply affects the burden of a tax.

Understand the Laffer curve and its implications for setting tax rates.

Evaluate the impact of specific taxes on behavior and market outcomes.

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Definitions:

Gilded Age

A term describing the late 19th century in the United States, characterized by rapid economic growth, industrialization, and a marked disparity between rich and poor.

Generalized Economic Growth

Broad-based expansion in economic activity and productivity across multiple sectors, leading to increased wealth and living standards over time.

Corruption

The abuse of entrusted power for private gain, which can occur in various forms such as bribery, embezzlement, and nepotism.

Henry Demarest Lloyd

An American progressive political activist and critic of monopolies, known for his work "Wealth Against Commonwealth" highlighting the evils of the Standard Oil Company.