Which One of the Following Statements Is FALSE

question 2

Multiple Choice

Which one of the following statements is FALSE?

• A) Generally, what matters most to consumers is what a good costs in dollars.
• B) The relative price of a good is its price measured relative to the price of other goods.
• C) The nominal price of a good is its price measured in current dollars.
• D) When the price of beer goes up by the same proportion as the prices of all other goods, the relative price of beer does not change.

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Definitions:

System Program

A type of computer program designed to operate, control, and extend the processing capabilities of the computer itself.

Operating System

The software that manages the hardware and software resources of a computer, and provides common services for computer programs.

Arithmetic Operations

Basic mathematical operations such as addition, subtraction, multiplication, and division applied to numeric data types.

Central Processing Unit

The primary component of a computer that performs most of the processing inside a computer to execute instructions from both hardware and software.