-Refer to Exhibit 15-4

question 40

Multiple Choice

-Refer to Exhibit 15-4.Identify the appropriate state of the bond market that would fill in blanks (A) ,(B) ,and (C) ,respectively.

• A) surplus; shortage; equilibrium
• B) shortage; surplus; equilibrium
• C) surplus; surplus; equilibrium
• D) shortage; shortage; equilibrium

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Definitions:

Diffusion of Innovation

The process by which a new idea, product, or behavior spreads through a population or social system.

Diffusion of Innovation

A theory that explains how, why, and at what rate new ideas and technology spread through cultures or social systems.

Informal Social Contacts

The interactions that occur between individuals in a casual, unstructured setting, outside of formal organizational or institutional contexts.

Diffusion of Innovation

The method in which a new idea is spread via specific pathways over a period among members of a societal system.