The Next Time You Travel to a Foreign Country, You

question 5

Multiple Choice

The next time you travel to a foreign country, you may need to submit for a unique retinal (eye) scan to have your "virtual passport" read by a cloud-based service, to allow you access to the country. This future technology is an example of a(n) :

• A)e-service
• B)eye-passpor t
• C)e-time saver
• D)e-good

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Definitions:

Consumer Goods

Goods that are produced for direct consumption by the end user.

Capital Goods

Long-term assets purchased by businesses to produce goods and services.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all resources are fully utilized.

Opportunity Costs

The penalty of overlooking the next most advantageous option when a choice is made.