Which Global Event Inspired Thomas Demand's Control Room

question 18

Multiple Choice

Which global event inspired Thomas Demand's Control Room?

• A) Occupy Wall Street
• B) The Vietnam War
• C) September 11, 2001
• D) The Fall of the Berlin Wall
• E) The Fukushima Daiichi nuclear power plant meltdown

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Definitions:

Perfectly Elastic

Describes a situation in economics where the quantity demanded or supplied changes infinitely in response to any change in price.

Interest-Rate Cost-Of-Funds

The cost incurred by financial institutions to raise funds that they can then lend to customers, influenced by prevailing interest rates.

Market Interest Rates

The prevailing rate at which borrowers and lenders agree to engage in transactions of debt securities in the financial markets.

Creative Destruction

A concept in economics which suggests that new innovations destroy old industries and methods, leading to new sectors and opportunities for growth.