Technology ____ Is a Process by Which Several Different Technologies

question 141

Multiple Choice

Technology ____ is a process by which several different technologies with distinct functionality evolve to form a single product.

• A) evolution
• B) rotation
• C) convergence
• D) diversification

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Definitions:

Quantity Demanded

The overall volume of a product or service that consumers are ready and capable of buying at a certain price.

Quantity Supplied

The overall quantity of a product or service that suppliers are prepared to offer for sale at a certain price during a defined time frame.

Demand Increase

A rise in the quantity of a product or service that consumers are willing and able to purchase at a given price over a certain period of time.

Usury Laws

Regulations that impose a maximum interest rate that can be charged on loans to prevent excessive and unfair interest rates.