Jorge Saw a Computer Named Watson on the Game Show

question 18

True/False

Jorge saw a computer named Watson on the game show Jeopardy and was surprised at how many answers Watson was able to get correct,especially because the math problems involved solving equations.Watson was using augmented reality to solve the problems.

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Definitions:

Capital Goods

Physical assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.

Consumer Goods

Products produced for purchase by individuals and households for personal use, such as clothing, food, and electronics.

Industrialize

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.

Market-Oriented Economy

An economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.