A Two-Digit Alphabetic Code Has Many More Different Combinations of Symbols

question 20

True/False

A two-digit alphabetic code has many more different combinations of symbols than a two-digit numeric code.

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Definitions:

Subsistence Income Level

The minimum level of income needed for an individual or family to afford basic necessities of life, such as food, shelter, and clothing.

Transfer of Income

Transfer of income involves reallocating earnings from one party to another, often through government policies such as subsidies or taxes.

Positive Economics

A branch of economics that seeks to describe and explain the behavior of the economy or economic phenomena without making judgments on whether the outcomes are good or bad.

Income Distribution

The way in which total income is shared among the population or different groups within the society.