New Forms of Technology

question 61

Multiple Choice

New forms of technology:

• A) have a direct impact on the divorce rate.
• B) do not create opportunities for in education and information dissemination.
• C) have both positive and negative effects on communication.
• D) are dramatically overestimated.

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Definitions:

Price

The expenditure necessary to secure a good or service.

Consumer Surplus

The discrepancy between the price consumers are ready to pay for a good or service and the price they end up paying.

Area Representation

The graphical depiction of quantitative relationships, often used in statistical and economic models to illustrate areas under curves or between lines.

Price

The price tag reckoned, necessitated, or conveyed in compensation for a particular thing.