Critical Thinking Case 4-1

question 25

Multiple Choice

Critical Thinking Case 4-1
You are on a committee to suggest new technology for classrooms. You have been asked for opinions about the storage devices.
The committee would like a portable device that a teacher could use to save documents they are working on and take them back and forth from home to school. Which device will you recommend?

• A) DVD-ROM
• B) CD-ROM
• C) USB flash drive
• D) external hard drive

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Definitions:

Coase Theorem

A principle stating that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property.

Usage Fee

A charge imposed for using a particular service or facility, typically structured according to the extent or duration of use.

Efficient

Characterized by achieving a desired outcome with the least wasted effort or resources.

Clean Water

Water that is free from pollutants, contaminants, and harmful microorganisms, safe for consumption and suitable for use in various domestic and industrial activities.