Examlex

Solved

Dylan Does His Homework in Front of the Television, While

question 26

Multiple Choice

Dylan does his homework in front of the television, while listening to music on his iPhone and simultaneously text-messaging his friends. This is indicative of a major trend in the use of technology known as:


Definitions:

Pharmaceutical Industry

A sector of the health care system that discovers, develops, produces, and markets drugs or pharmaceuticals for use as medications.

Creative Destruction

A concept in economics which suggests that new innovations destroy old industries and create new economic structures.

Decreasing-Cost Industry

An industry where the unit cost of production decreases as the industry's output increases, often due to economies of scale.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the number of units produced.

Related Questions