Which of the Following Are Types of Assertions

question 16

Multiple Choice

Which of the following are types of assertions?

• A) Preconditions.
• B) Postconditions.
• C) Conditions in control statements.
• D) (a) and (b).

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Definitions:

Natural Scarcity

Refers to the finite availability of resources that are limited by nature and cannot be replaced or regenerated quickly enough to meet the increasing demand.

Monopoly Profit

The excess earnings that a firm can achieve when it is the sole provider of a product or service with no close substitutes, due to its market power.

Contrived Scarcity

An artificial limitation of supply to increase prices, often practiced by monopolies or through regulatory constraints.

Usury Law

Usury laws are regulations governing the amount of interest that can be charged on a loan, intended to protect consumers from excessive and unreasonable interest rates.