E-Commerce and an Internet Presence Are Important to Many Firms

question 3

Multiple Choice

E-commerce and an internet presence are important to many firms, requiring employees with specialized skills that are in short supply. The invisible hand solves the employment problem by:

• A)encouraging the government to set up training programs to provide workers with the necessary skills.
• B)giving workers an incentive to acquire the necessary skills on their own in order to receive higher wages.
• C)providing free internet access.
• D)discouraging firms from using of new technologies such as the internet.

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Definitions:

Relative Luminance

A measure of the amount of light that is reflected from, or emitted by, a surface, normalized to a scale from 0 to 1, based on human visual sensitivity.

Size Constancy

Size constancy is a perceptual phenomenon where the perceived size of an object remains constant despite changes in the distance or size of the image it projects on the retina.

Perceptual Adaptation

Perceptual adaptation refers to the ability of the human brain to adjust to changes in sensory input, allowing for normal perception in spite of alterations or impairments.

Interposition

A visual cue in depth perception that occurs when one object partially blocks or covers another, indicating that the former is closer to the viewer.