According to the Text, Which of the Following Is Not

question 94

Multiple Choice

According to the text, which of the following is not a current use of RFID chips?

• A) Tagging pets and personal property
• B) Tagging magazines and books in public locations
• C) Tagging spacecraft to follow their location as they orbit the earth
• D) Tagging human beings

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Definitions:

Lemons Problem

A market problem where the quality of goods cannot be accurately determined by the buyer due to asymmetric information, leading to an overall decline in product quality.

Adverse Selection

A scenario where one participant in a transaction possesses superior or more information than the other, frequently resulting in a disadvantageous result for the party with less information.

Screen

In technology, it refers to the display area of electronic devices where images, text, and videos are shown.

Adverse Selection

A situation where unfair advantage is taken of a transaction due to asymmetric information between buyers and sellers.