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When the Apple IPhone 3G Was Introduced,users Could Buy the "I

question 164

Multiple Choice

When the Apple iPhone 3G was introduced,users could buy the "I Am Rich" app for a price of $1,000.The app did nothing but display a red gem on the iPhone's screen.The description of the app stated that this red icon would remind you (and others you show it to) "that you were rich enough to afford this." Six of the applications were sold before Apple,Inc.removed the app from iTunes.At the $1,000 price,the author of the app was using _____ pricing as part of his marketing approach.

Recognize the role of trade barriers in affecting domestic consumption and world production.

Assess the claims of unfair trade practices and their implications for international trade relations.

Understand the concept of free trade and its potential to expand production and consumption beyond domestic limitations.

Analyze the economic and environmental arguments related to free trade policies.

Definitions:

Common Stock

Shares of ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Cumulative Preferred

Cumulative preferred stock is a type of preferred stock that has a provision entitling shareholders to accumulate unpaid dividends to be paid out before any dividends can be issued to other stock classes.

Par Common Stock

The face value of common stock as designated in the company's charter, not necessarily its market value.

Dividends

Dividends are a portion of a company's earnings that are distributed to shareholders as a reward for their investment.