The Rise of Technology Aids Consumers, and Will Raise Their

question 36

Multiple Choice

The rise of technology aids consumers, and will raise their expectations in all of these ways except:

• A)Consumes will want to interact with anyone, anytime, and anywhere
• B)They will want to be able to do new things with new information in new ways
• C)They will expect everything to be targeted to their precise needs, so they can have the unique experience they want
• D)They will want advertising to provide them with instructions for use of a new product
• E)They want this all to happen easily with no learning curve

Recognize various types of unemployment (frictional, structural, cyclical).

Compute changes in the unemployment rate and interpret its implications.

Identify periods of significant economic changes post-1945.

Distinguish between demand-pull and cost-push inflation.

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Definitions:

Socially Ostracized

The exclusion of an individual or group from social acceptance, privileges, or inclusion by the larger society or community.

Acculturation

Acculturation is the process through which individuals or groups from one culture come to adopt practices and values of another culture, often through direct contact.

Cultural Artifact

Refers to objects, tools, or pieces of art created by humans that reflect their culture, beliefs, and values.

Technology

Technology encompasses the tools, machines, techniques, and processes used to solve problems or improve conditions, often advancing capabilities in various fields.