Napster Was the First Software That Allowed an Individual to Easily

question 143

Multiple Choice

Napster was the first software that allowed an individual to easily search for and exchange MP3 music files with other individuals (in some cases illegally) . When it was introduced, Napster would have been an example of a

• A)discontinuous innovation.
• B)continuous innovation.
• C)dynamically continuous innovation.
• D)regulatory innovation.
• E)disruptive improvement.

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Definitions:

Absolute PPP

Absolute Purchasing Power Parity, an economic theory suggesting that goods in different countries should have the same price when expressed in a common currency.

Trade Barriers

Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.

Exchange Rate

The price at which one currency can be exchanged for another.

Transaction Costs

Transaction costs are expenses incurred when buying or selling a good or service, which include fees, taxes, and other charges associated with the transaction.