The Convergence of Real and Digital Worlds Is the Result

question 6

Multiple Choice

The convergence of real and digital worlds is the result of

• A)the work of William Gibson, who coined the term cyberspace.
• B)the implementation of ideas found in science fiction films and books.
• C)the unlimited proliferation of interlinked smartphones, tablet devices, sensors, sophisticated algorithms, databases, and other elements.
• D)Steve Jobs, the late visionary CEO of Apple, Inc.
• E)the researchers at Xerox Palo Alto Research Center (PARC).

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Definitions:

Shortages

Occurrences when the demand for a product or service exceeds its supply in a market, often leading to higher prices and unmet consumer needs.

Equilibrium Price

The market price at which the quantity of a good supplied equals the quantity demanded, leading to a stable market situation.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and more.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in no shortage or surplus.