Why Would Adam Smith Love Uber

question 215

Multiple Choice

Why would Adam Smith love Uber?

• A) It was hard to hail a cab in Edinburgh, Scotland during his lifetime.
• B) It decreases competition and increases the price.
• C) It makes it easier for governments to regulate the taxi industry.
• D) It a disruptive technology and increases consumer well-being.

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Definitions:

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A brand of mouthwash that claims to offer multiple benefits, including cavity protection, restoration of minerals to enamel, and freshening breath, among others.

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A smartphone model developed by Samsung Electronics, part of the Galaxy S series, known for its high-quality display and camera features.

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The specific way in which products or services are provided to customers, such as in-person, online, or via mail.

Services

Intangible products delivered directly from a provider to an end user to fulfill a need or provide a solution without the transfer of physical goods.