Richard Purchased a Computer for $600 in 2015

question 92

Multiple Choice

Richard purchased a computer for $600 in 2015.Compared to the $900 computer that he had purchased back in 2011,the new one seems to be more efficient in terms of the price he has paid and the power of the microprocessor technology.This is best explained by

• A)product liability.
• B)property rights.
• C)Moore's law.
• D)purchasing power parity.
• E)sustainable strategies.

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Definitions:

Adequate Number

A quantity deemed sufficient to meet a particular need or requirement.

Proportion of Residents

The ratio or percentage of individuals residing in a particular area or belonging to a specified demographic group.

Hired Housecleaners

Individuals or employees engaged in the cleaning and maintenance of residences, typically on a paid contractual basis.