Which of the Following Adopter Categories Refers to the Last

question 8

Multiple Choice

Which of the following adopter categories refers to the last large group of buyers to enter a new product market?

• A) late majority
• B) early majority
• C) laggards
• D) early adopters
• E) innovators

Understand the concept of opportunity costs related to financial decisions.

Identify and differentiate between various types of bank accounts and their features.

Recognize the risk and liability associated with debit and credit card usage.

Understand how interest rates affect savings and borrowing choices.

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Definitions:

Normative

Relating to or dealing with norms, especially in the sense of prescribing what ought to be rather than describing what is.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Positive Economic Statement

A factual claim about the world that can be tested and validated, referring to what is, rather than what ought to be.

Normative

Normative relates to an ideal standard or model, often reflecting opinions about what is desirable or how things should be, especially in ethics and economics.