Nest Thermostats Allow Consumers to Control the Temperature in Their

question 41

Multiple Choice

Nest thermostats allow consumers to control the temperature in their home by using the app on their phone. The Nest also "learns" the patterns of a household and adjusts the temperature based on this information. Like other smart-home devices, the Nest is part of a group of products that represent

• A)groupthink.
• B)cloud computing.
• C)demographics.
• D)the Internet of Things.
• E)Big Data.

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Definitions:

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and rapidly growing economy that plays a significant role in global affairs.

Merchandise Trade Deficit

A country's merchandise trade deficit occurs when its imports of physical goods exceed its exports within a given period.

International Trade

The exchange of goods and services between countries, driven by the differences in costs of production, resource distribution, and various other factors.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.