The Price System

question 51

Multiple Choice

The price system

• A) automatically distributes scarce goods.
• B) is inefficient.
• C) requires government help to allocate goods.
• D) is the only way to allocate goods.

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Definitions:

AutoNumber Field

A field in a database that automatically generates a unique number for each record, often used as a primary key.

Delete Record

The action of removing a data entry or record from a database, application, or digital ledger, making it no longer retrievable within the system.

Reuses Value

The practice of using an already defined value or resource multiple times within a program or system to optimize performance or maintain consistency.

Default Name

The pre-set or automatically generated name assigned to a file, document, or device if a custom name is not provided by the user.