A Presentation Opens with "Scientists Have Called the Digital Revolution

question 26

Multiple Choice

A presentation opens with "Scientists have called the digital revolution 'the biggest innovation of the century.'" This opener is an example of a

• A) narration.
• B) question.
• C) startling statement.
• D) quotation.
• E) persuasive statement.

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Definitions:

High-cost Producer

A producer or company which has higher costs of production compared to competitors, often due to inefficient processes or higher input costs.

Low-cost Producer

A manufacturer or service provider with a competitive advantage allowing them to offer goods or services at a lower price than competitors, often due to operational efficiencies.

Consumer Surplus

The variance between the aggregate amount consumers can and will pay for a good or service versus the amount they actually spend on it.

Producer Surplus

is the difference between what producers are willing to accept for a good or service versus what they actually receive.