A Mechanism That Provides an Application Program with Access to an External

question 29

Multiple Choice

A mechanism that provides an application program with access to an external service such as a database management system is called a(n) :

• A) API.
• B) ADO.
• C) call-level application program interface.
• D) WSDL.

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Definitions:

Price

The amount of money required to purchase a good or service, reflecting its value in the marketplace.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, and free entry and exit from the market.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.