Emma Tried to Explain to Her Mother That Computers Are

question 61

Multiple Choice

Emma tried to explain to her mother that computers are everywhere.Her mother does not believe her,and challenges Emma to find a computer in their home,as she knows she does not own a computer.Which of the following examples do you think Emma would show her mother as example of computer?

• A) Her coffeemaker that she has set to turn on and make coffee every morning at the same time.
• B) Her hot water heater that has to be manually reset every time the power goes out.
• C) The sprinkler she has to turn on and off when she wants to water her plants.
• D) The carpet steamer she uses to clean her rugs when they get dirty.

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Definitions:

Cartels

Groups of independent market participants who collude to control prices and output in a particular market, typically to restrict competition.

Illegal

Refers to actions or activities that are prohibited by law.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players' strategies remain unchanged.

Payoff

The benefit or return that one receives as a result of an investment or action; a rephrasing of economic payoff emphasizing the outcome aspect.