Related to the Economics in Practice on P

question 53

Multiple Choice

Related to the Economics in Practice on p. 6: The opportunity cost to Apple of having the hard drive produced in Japan by Toshiba is

• A) the wages paid to Japanese workers.
• B) the components of the hard drive which are not produced by Toshiba.
• C) having the hard drive produced by the next best available company.
• D) the value-added captured by Apple in the United States.

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Definitions:

Communication-Persuasion Paradigm

A research paradigm that conceptualizes persuasion attempts in terms of source, message, target, channel, and impact—that is, who says what to whom by what medium with what effect.

Persuasion Attempt

An effort made to convince or influence someone to change their beliefs, attitudes, or behaviors through argument, appeal, or reasoning.

Components

Fundamental parts or elements that combine to form a whole system or structure.

Attribute

A quality or feature regarded as a characteristic or inherent part of someone or something.