Television Would Have Been Considered a "New Good" Type of Innovation

question 19

Multiple Choice

Television would have been considered a "new good" type of innovation because

• A) consumers already regularly listened to the radio for entertainment.
• B) it had no equivalent in the past.
• C) it gave companies a new source of advertising revenues.
• D) it enhanced the quality of life for most people in the economy.

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Definitions:

Available-For-Sale Securities

Debt and equity securities not classified as held-to-maturity or trading securities, recorded at fair value in balance sheets.