Which of the Following Describes an RFID Accelerometer

question 22

Multiple Choice

Which of the following describes an RFID accelerometer?

• A) Occurs when a company places active or semi-passive RFID tags on expensive products or assets to gather data on the items' location with little or no manual intervention.
• B) Uses plastic or conductive polymers instead of silicon-based microchips, allowing them to be washed or exposed to water without damaging the chip.
• C) A device that measures the acceleration (the rate of change of velocity) of an item and is used to track truck speeds or taxi cab speeds.
• D) A satellite-based navigation system providing extremely accurate position, time, and speed.

Appreciate the balance between technological advancement and its impact on employment and economic growth.

Understand the principles of supply and demand as they apply to the conservation efforts of certain species and products.

Comprehend the concept of voluntary exchange and how mutual benefits are derived from such exchanges.

Recognize the role and impact of transaction costs on the efficiency of markets and exchanges.

---

Definitions:

Efficiency

The extent to which resources are utilized optimally to achieve desired outcomes with minimum waste or effort.

Second Best

A concept in economics that suggests if all optimal conditions cannot be satisfied, the second-best option should be pursued.

Distortionary Tax

Taxes that cause people to alter their behavior in a way that distorts the allocation of resources from their most efficient uses.

Economic Choices

Decisions made by individuals, households, or firms regarding the allocation of scarce resources to satisfy needs and wants.