The Development of Pay-Per-View Technology

question 7

Multiple Choice

The development of pay-per-view technology

• A) converted a collective good into a private good.
• B) allows consumers to see movies that were previously unavailable for several years.
• C) converted a public good into a collective good.
• D) has made all consumers worse off.
• E) converted a private good into a collective good.

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Definitions:

Usury Statute

Laws that set maximum interest rates that can be charged on loans to prevent predatory lending practices.

Maximum Rate

The highest permissible interest rate or charge on a loan as defined by law or regulation.

Illegal Bet

A wager placed in violation of laws or regulations governing gambling activities.

Withdraw

To remove or take back something previously offered or put forward, or to exit a process or situation.