A ________ Requires Consumers to Adopt New Behavior Patterns

question 91

Multiple Choice

A ________ requires consumers to adopt new behavior patterns.

• A) discontinuous innovation
• B) dynamically discontinuous innovation
• C) dynamically continuous innovation
• D) statically continuous innovation
• E) continuous innovation

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Definitions:

Interest Rate

Interest paid divided by amount borrowed.

Economic Rent

The excess payment to a resource above what it is necessary to pay to secure its use.

Landlords

Individuals or entities who own property that is rented or leased to others, receiving rental income in return.

Socialist Economies

Economic systems in which the means of production, distribution, and exchange are owned or regulated by the community as a whole, typically through the government.