Table 3-3 -Refer to Table 3-3

question 122

Multiple Choice

Table 3-3
$\begin{array}{|l|c|c|c|c|}\hline&\text { Hours needed to make one unit of: }&&\text { Amount produced in } 2400 \text { hours: }\\\hline & \text { Cars } & \text { Aeroplanes } & \text { Cars } & \text { Aeroplanes } \\\hline \text { US } & 40 & 160 & 60 & 15 \\\hline \text { Europe } & 50 & 150 & 48 & 16 \\\hline\end{array}$
-Refer to Table 3-3.The opportunity cost of one aeroplane for the US is:

• A)four cars
• B)three cars
• C)1/3 car
• D)1/4 car

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Definitions:

Virtual Consumption

Virtual consumption refers to the buying or usage of digital products and services through online platforms, often simulating real-world shopping experiences.

C2C

Consumer-to-consumer, a form of commerce where individuals trade, buy, or sell goods and services among themselves, typically facilitated by third-party platforms online.

U-Commerce

Stands for ubiquitous commerce, referring to the ability to conduct transactions anytime, anywhere, using various devices and technologies.

Consumer Trends

Patterns or movements observed in consumers' buying behavior over time, reflecting changes in preferences or social dynamics.