A Secret Combination of Letters,numbers,and/or Characters That Only the User

question 27

Multiple Choice

A secret combination of letters,numbers,and/or characters that only the user should have knowledge of,is known as a:

• A)token
• B)password
• C)biometric detail
• D)challenge

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Definitions:

Public Good

An item or service that is available for all individuals to consume, regardless of who pays for it, characterized by its non-excludability and non-rivalry.

Market Demand

The overall amount of a product or service that every consumer in a market is ready and capable of buying at different price levels.

Negative Externalities

Unintended and uncompensated costs imposed by one party's actions on others not involved in the transaction.

Efficiency Loss

The loss of economic efficiency that can occur when the balance between supply and demand is not achieved, leading to potential welfare loss.