Marc, a Money Making Banker, Is Having a Great Time

question 91

Multiple Choice

Marc, a money making banker, is having a great time with his smartphone. He just enabled a feature that allows Internet connectivity to his tablet when a wireless network is not available using any other method. What feature did Marc just enable?

• A) WiMAX
• B) QoS
• C) Wireless broadband
• D) Wireless hotspot

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Definitions:

Budget Constraints

Constraints that consumers face as a result of limited incomes.

Endowment Effect

Tendency of individuals to value an item more when they own it than when they do not.

Reference Point

A basis or standard for evaluation, comparison, or judgment.

Original Endowment

The initial allocation of income, wealth, resources, or goods that an individual or economy possesses before engaging in trade or production activities.