The Extensive Use of Microprocessors Has

question 30

Multiple Choice

The extensive use of microprocessors has

• A)increased the marginal sector.
• B)reduced the need for public goods.
• C)accelerated the pace of change.
• D)reduced the need for improved distribution systems.
• E)reduced the attractiveness of ESOPs.

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Definitions:

Regulatory Agency

An agency, commission, or board established by the federal government or a state government to control the prices charged and the services offered by a natural monopoly or public utility.

Rivalry

The characteristic displayed by certain goods and services that consumption by one person precludes consumption by others.

Buys

The act of acquiring goods or services in exchange for money.

Product

Any good, service, or idea that can be offered to a market to satisfy a want or need.