As Product Adopters in the Diffusion of Innovation, Members of the Late

question 263

Multiple Choice

As product adopters in the diffusion of innovation, members of the late majority

• A) have a fear of debt and use neighbors and friends as information sources.
• B) are skeptical and have below average social status.
• C) are deliberate and use many informal social contacts.
• D) are leaders in social settings and have a slightly above average education.
• E) are venturesome, higher educated, and use multiple information sources.

Understand the basic definitions and principles of economics including scarcity, economic change, and resource categorization.

Understand the concept of scarcity and its implications for economic decision-making.

Recognize the role of resources in economic activities and their categorization.

Identify the purpose and scope of economics in analyzing social problems and resource allocation.

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Definitions:

Myopia

A vision condition in which close objects are seen clearly, but distant objects appear blurred, also known as nearsightedness.

Presbyopia

A condition associated with aging where the eye exhibits a progressively diminished ability to focus on near objects.

Hyperopia

A vision condition, also known as farsightedness, where distant objects can be seen clearly, but close ones do not come into proper focus.

Eye Muscles

The six muscles attached to the outside of each eyeball that control eye movement and allow the eyes to track moving objects.