Which of the Following May Contain Transitive Dependencies,but Not Partial

question 95

Multiple Choice

Which of the following may contain transitive dependencies,but not partial dependencies?​

• A) ​unnormalized data
• B) ​second normal form (2NF)
• C) ​first normal form (1NF)
• D) ​third normal form (3NF)

Distinguish between short-run and long-run effects in the aggregate demand and aggregate supply model.

Interpret economic diagrams and models to analyze changes in the economy.

Understand the concepts of recession, depression, and the economic variables associated with them.

Analyze the impact of external shocks on a country's economy.

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Definitions:

Natural-Monopoly Situation

A market condition in which a single firm can produce output at a lower cost than can multiple firms, leading to a monopoly justified by efficiencies of scale.

Implicit Costs

The opportunity costs that arise from using resources that a business already owns rather than earning revenue from those resources elsewhere.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting a business activity, such as wages, rent, and materials.

Economic Profits

Profits earned by a company after accounting for both explicit (direct) and implicit (opportunity) costs.