Bar Codes, UPC Numbers, and RFID Tags Make It Easy

question 150

True/False

Bar codes, UPC numbers, and RFID tags make it easy for computers to monitor inventory, order stock, and track shipping costs.

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Definitions:

Comparative Advantage

An economic theory that describes how entities can gain and benefit from trade if they produce goods and services at a lower opportunity cost than their trade partners.

National Defense

Governmental and military activities aimed at protecting the country and its citizens from external threats and maintaining territorial integrity.

Infant Industries

New or emerging industries in their early stages that may be protected by the government through subsidies or tariffs to help them grow.

Self-Sufficiency

The ability of an individual or economy to provide for all their needs without external assistance.