_____ Is a Technology That Enables Users to Send, Receive

question 55

Short Answer

_____ is a technology that enables users to send, receive, and store verbal messages to and from other people around the world.

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Definitions:

Efficient Economy

An economic system where resources are allocated optimally to meet the needs and wants of its participants, minimizing waste.

Consumer Demand

The desire of purchasers, consumers, or buyers for products or services which they are willing and able to buy.

Efficient Market

A market in which prices fully reflect available information and adjust quickly to new data.

Opportunity Costs

The cost of foregoing the next best alternative when making a decision or choice.