In a Very Popular Movie, the Principal Character Wore Aviator

question 9

Multiple Choice

In a very popular movie, the principal character wore aviator sunglasses that were given to the movie studio by the producer of the sunglasses. The sunglasses suddenly became very popular, and the sunglasses producer earned significant profits. Which of the following theories on the source of profits discussed in the textbook best describes the reason behind this success?

• A)Uncertainty is a source of profits.
• B)Profit is a reward for alertness to arbitrage opportunities.
• C)Profit is the return to the entrepreneur as innovator.
• D)Profit is a reward for waiting long enough for consumers to respond to your product.

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Definitions:

Intellectual Disability

Intellectual disability is a term used when there are significant limitations both in intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Specific Learning Disabilities

Disorders that impact specific areas of learning and academic performance, such as dyslexia or dyscalculia, not caused by external factors.

Intellectual Disabilities

Conditions characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Normal IQ

A score on an intelligence test that falls within the average range, typically defined as an IQ between 85 and 115.