The Blockchain Combined with the Internet of Things (IoT) Will

question 22

Multiple Choice

The Blockchain combined with the Internet of Things (IoT) will dramatically ____________.

• A) increase the use of cryptocurrency
• B) speed up the internet
• C) make Bitcoin less expensive
• D) increase device connectivity

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Definitions:

Substitution Effect

The Substitution Effect refers to changes in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with less costly alternatives.

Tea

A beverage made by steeping processed leaves, buds, or twigs of the tea plant in hot water, enjoyed globally for its aromatic flavors.

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers.