When a Product Spreads Through the Population, It Is Called

question 246

Multiple Choice

When a product spreads through the population, it is called the

• A) extension of innovation.
• B) proliferation of innovation.
• C) open innovation.
• D) dispersal of innovation.
• E) diffusion of innovation.

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Definitions:

Bretton Woods Agreement

An international financial system established in 1944, creating fixed exchange rates, the International Monetary Fund (IMF), and the World Bank to promote global economic stability.

Price Volatility

The degree to which the price of an asset, security, or commodity fluctuates over time.

Put Option

A financial contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.