Technological Progress Has Made It Possible for Firms Such as Apple

question 109

Multiple Choice

Technological progress has made it possible for firms such as Apple and Alivecor to develop small electronic devices,including smartwatches,smartphones,and products that can be attached to the smartwatches and smartphones,to serve consumers who have become more health conscious and wish to monitor various health conditions.These firms are reacting to which of the three key economic ideas?

• A)firms attempt to maximize revenues
• B)optimal decisions are made at the margin
• C)people are rational
• D)people respond to economic incentives

---

Definitions:

Loved One

A term referring to someone whom an individual has deep affection for, typically a family member or close friend.

Resiliency

The ability to recover quickly from difficulties or adapt well in the face of adversity or stress.

Dignity Therapy

A psychological intervention aimed at reducing distress and improving the quality of life for individuals facing serious illness, by helping them find meaning and maintain dignity.

Dying Role

The social behaviors and expectations associated with individuals who are in the final stages of life, addressing how they and others process and accept the end-of-life stage.