Match the Example to the Term or Phrase

question 216

Multiple Choice

Match the example to the term or phrase.
-Internal combustion engine,oil and plastics,electrical engineering,and radio and telecommunications.

• A)minisystems
• B)new technology system
• C)import substitution
• D)hinterland
• E)colonialism
• F)commodity chain
• G)hegemony
• H)hearth area
• I)pandemic

---

Definitions:

Expected Value

The long-run average value of repetitions of an experiment it represents, often considered as the mean of a probability distribution.

Perfect Information

A situation in game theory or economics where all participants have full and equal knowledge of all relevant aspects.

Candy Store

A retail shop specializing in the sale of candies, sweets, and sometimes other confectionery items.

Expected Payoff

The average outcome or return anticipated from a decision or investment, considering all possible outcomes.