Computers and Software Programs Are

question 49

Multiple Choice

Computers and software programs are

• A)inferior goods
• B)complementary goods
• C)goods with a cross-price elasticity of demand of 0
• D)substitute goods
• E)perfectly elastic goods

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Definitions:

Decision Making

Decision making is the cognitive process of selecting a course of action from among multiple alternatives, typically aiming to achieve the best outcome.

Brexit

The departure of the United Kingdom from the European Union, a significant political and economic event with wide-ranging impacts.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico to reduce trading barriers and establish a trilateral trade bloc in North America.

Customer Needs

The requirements or desires that consumers expect products or services to fulfill.