Which of the Following Is a Cultural Change Brought About

question 23

Multiple Choice

Which of the following is a cultural change brought about by globalization enabled by information technology?

• A) the enforcement of global patent and copyright laws
• B) the availability of low-cost communication systems
• C) the development of low-cost computing platforms
• D) the frequency of worldwide fads and phenomena
• E) decrease in the outsourcing of labor

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Definitions:

Marginal Utility

The increased gratification or utility derived from the consumption of an extra unit of a good or service.

Energy Drink

A type of beverage containing stimulant compounds, usually caffeine, that is marketed as providing mental and physical stimulation.

Utility

Describes the complete fulfillment derived from the use of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the amount of the good that consumers are willing to purchase at that price, ceteris paribus.