Express 10³ in Scientific Notation

question 5

Multiple Choice

Express 10³ in scientific notation.

• A) 10³
• B) 1 × 103
• C) 1000
• D) log 1000 = 3

---

Definitions:

Command System

A type of economic system where production, investment, prices, and incomes are determined centrally by a government.

Laissez-Faire Capitalism

An economic system where private parties are free to conduct business transactions with minimal government intervention or regulation.

Division of Output

The allocation of the total quantity of goods or services produced among various consumers or markets.

Central Planning

An economic system where the government makes all decisions on the production and distribution of goods and services.