The fact that your cell phone is using outdated technology within a year or two of purchase is an example of __________.Question 14Select one:a.The conflict perspectiveb.Conspicuous consumptionc.Mediad.Planned obsolescence

A new cell phone is released.  Everyone rushes to buy it and a shortage develops.  Stores order more and then have a surplus.  The store reduces the price of the cell phone and sells the excess inventory.  They have achieved _______________ .Responseselasticity elasticity potential potential capitalismcapitalismequilibrium

Four alternative summaries are given below the text. Choose the option that best captures the essence of the text. Automobile makers long ago realized that cars could be thought of as fashion objects, going out of style on a regular basis, encouraging people to keep up to date. Phone makers have done the same thing, and they keep bringing out new phone models constantly. This is so true of watches that they are sold as jewellery, not technology.Technologies like cars, phones, watches, etc. are more like fashion, given that they keep going out of style on a regular basis.Technologies like cars, phones and watches are marketed as fashion objects, to encourage people to keep buying new models.Cars, phones and watches can be thought of as fashion objects rather than technologies, so that people buy more of them.Cars, phones, watches and other technologies are marketed as fashion objects, so that buyers keep up to date on them.

1. What has made it easier to stay connected in recent years?(A) The advancement of smartphones.(B) The rise of traditional mail.(C) The increase in technology.(D) The popularity of print media.2. What does the speaker mention as a reason for the seamless experience with technology?(A) The Frequent need for repairs.(B) The combination of different digital parts.(C) The high cost of devices.(D) The lack of user-friendly interfaces.3. How does the speaker describe the role of technology in our lives?(A) As a luxury for everyday life.(B) As a crucial part of our lives.(C) As a source of future life.(D) As an unobvious change industry.

Which of the following is an example of disruptive innovation?*1 pointImproving the efficiency of an existing manufacturing processIntroducing a new product that captures a small market nicheCreating a technology that renders existing products obsoleteNone of the above

Which of the following features is a reason that the underproduction of technology in society may occur? (Select all correct answers.)ResponsesA negative spill over effectsnegative spill over effectsB diminishing returnsdiminishing returnsC nonrivalry in consumptionnonrivalry in consumptionD nonexcludability