Examlex

Solved

When Technical and Social Elements Are Not Fully Optimized for New

question 79

Multiple Choice

When technical and social elements are not fully optimized for new technology,________ can result.


Definitions:

Consumption

The act of using goods and services to satisfy needs or wants.

Income

Financial gain derived from various sources such as employment, investments, or proprietorship, contributing to an individual's wealth.

Price

The monetary cost anticipated, called for, or disbursed in payment for an object.

Compensating Variation

An economic concept representing the amount of additional income an individual would need to maintain the same level of utility after a price change.

Related Questions