The network of devices directly communicating data to a computer without a person having to enter the data is known as
A) the Internet of Things. B) Big Data.
C) Synergistic Communications. D) Artificial Intelligence.
A
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According to the book, the characteristic way an individual or family manages resources is shaped by 5 forces, which of the following is not one of them
a. Psychological/personality b. Economic c. Technological d. Cognitive
In the determination of disposable income, transfer payments are treated as if they
a. are the same as taxes. b. did not exist. c. are the opposite of taxes. d. were a constant amount.
Which of the following is an advantage of money over barter?
A. Permits more specialization of labor B. Does not require a double coincidence of wants C. Reduces transactions and storage costs D. All of the choices are advantages of money.
Answer the following questions true (T) or false (F)
1. If a state requires all drivers to buy auto insurance, the problem of adverse selection is eliminated. 2. Adverse selection is a situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction. 3. A doctor pursuing his own interests rather than the interests of his patients is an example of the principal-agent problem.