The Ability of Cellular Technology to Make the Internet Portable

question 33

Multiple Choice

The ability of cellular technology to make the Internet portable and constantly available has been revolutionary. Approximately what percentage of American adults own a smartphone today?

• A) less than 20 percent
• B) nearly 25 percent
• C) almost 35 percent
• D) nearly 50 percent
• E) over 70 percent

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Definitions:

Behavioral Economics

A field of study blending insights from psychology and economics to explore how people make decisions based on biases, emotions, and other non-rational factors.

Marginal Disutility

The additional dissatisfaction or negative utility a person receives from consuming one more unit of a good or service.

Successive Unit

The next unit or piece in a series or sequence, often used in the context of production or consumption.

Framing Effect

The cognitive bias where people's decisions are influenced by the way information is presented rather than the information itself.