Samsung Uses Microchips to Use in Its Smart Phones

question 99

Multiple Choice

Samsung uses microchips to use in its smart phones.The demand for these particular microchips is linked to the demand for Samsung's smart phones; the more smartphones are sold the greater the demand for microchips.What term best describes this particular situation?

• A)joint demand
• B)economic demand
• C)elastic demand
• D)inelastic demand
• E)derived demand

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Definitions:

Cambodia Invasion

Refers to the military incursion by the United States and South Vietnamese forces into Cambodia in 1970 during the Vietnam War, aimed at disrupting North Vietnamese supply lines.

Murderous Regime

A government or ruling body accused of engaging in or endorsing violence, often systemic, against its own people or those it controls.

New Federalism

A political philosophy and approach that seeks to shift some powers and responsibilities from the federal government back to the states, emphasizing a more decentralized system of governance.

Block Grants

A form of financial assistance from the federal government to state or local governments for broad purposes, with fewer restrictions than categorical grants.