Application software is a type of a software that enables the user to perform a particular task an example is spreadsheets while firmware comprises of fixed programs and data structures that internally control electronic devices.
Faimus answered the question on February 3, 2018 at 14:07
- ICT has assumed an increasingly strategic role in the Kenyan economy in the recent years. Between 2000 and 2012, the country's wider transport and communication...(Solved)
ICT has assumed an increasingly strategic role in the Kenyan economy in the recent years. Between 2000 and 2012, the country's wider transport and communication sector, of which ICT is a part, grew at a compound annual rate growth of 7.7%, outperforming all other sectors of the national economy. During the recent economic slowdown the sector was not affected as much as other sectors of the economy. Explain how IT dampens the severity of business cycles.
Date posted: February 3, 2018. Answers (1)
- Discuss the three types of price discrimination in relation to information technology. (Solved)
Discuss the three types of price discrimination in relation to information technology.
Date posted: February 3, 2018. Answers (1)
- ICT firms normally sell their goods at different prices. Explain why this is important in high tech industries. (Solved)
ICT firms normally sell their goods at different prices. Explain why this is important in high tech industries.
Date posted: February 3, 2018. Answers (1)
- Using information technology to engage in international development is difficult in a region of the world where the internet has not reached every sector of...(Solved)
Using information technology to engage in international development is difficult in a region of the world where the internet has not reached every sector of the population. However, Kenya is leading the way in transforming information technology usage in Africa. Explain some general trends that suggest that Information communication and technology will continue to be a driver of growth.
Date posted: February 3, 2018. Answers (1)
- The more firms invest in IT, the higher their productivity. Discuss this statement by explaining the three reasons why IT boosts productivity. (Solved)
The more firms invest in IT, the higher their productivity. Discuss this statement by explaining the three reasons why IT boosts productivity.
Date posted: February 3, 2018. Answers (1)
- Microsoft packages are sold together for a single price. This is attractive for information goods since the marginal cost of adding an additional good to...(Solved)
Microsoft packages are sold together for a single price. This is attractive for information goods since the marginal cost of adding an additional good to a bundle is negligible. Explain the economic effects of such behaviour.
Date posted: February 3, 2018. Answers (1)
- Assume you have a company that recently extended it's operations into your country. Create the company and advise them how to develop a system to...(Solved)
Assume you have a company that recently extended it's operations into your country. Create the company and advise them how to develop a system to run its operations effectively.
Date posted: February 3, 2018. Answers (1)
- The average cost of a product is:AC=500+2000/X. Find the marginal cost for the 10th unit(Solved)
The average cost of a product is:AC=500+2000/X. Find the marginal cost for the 10th unit.
Date posted: January 28, 2018. Answers (1)
- What are the types of government intervention in healthcare?(Solved)
What are the types of government intervention in healthcare?
Date posted: January 23, 2018. Answers (1)
- Explain the source of financing healthcare in Kenya(Solved)
Explain the source of financing healthcare in Kenya
Date posted: January 23, 2018. Answers (1)
- what are the advantages and disadvantages of economic growth(Solved)
what are the advantages and disadvantages of economic growth
Date posted: January 23, 2018. Answers (1)
- Explain the following terms: opportunity cost, scarcity, production possibility frontier(Solved)
Explain the following terms:
opportunity cost
scarcity
production possibility frontier
Date posted: January 23, 2018. Answers (1)
- What happens when there is decrease in money supply?(Solved)
What happens when there is decrease in money supply?
Date posted: January 23, 2018. Answers (1)
- State some of the limitation posed by monetary policies employed by the central banks in developing countries(Solved)
State some of the limitation posed by monetary policies employed by the central banks in developing countries.
Date posted: January 23, 2018. Answers (1)
- How does liquidity trap occur?(Solved)
How does liquidity trap occur?
Date posted: January 23, 2018. Answers (1)
- Explain the phenomenon of liquidity trap(Solved)
Explain the phenomenon of liquidity trap.
Date posted: January 23, 2018. Answers (1)
- Recognize the impact of monetary policy on aggregate demand(Solved)
Recognize the impact of monetary policy on aggregate demand
Date posted: January 23, 2018. Answers (1)
- Justify expansionary and contractionary monetary policy.(Solved)
Justify expansionary and contractionary monetary policy.
Date posted: January 23, 2018. Answers (1)
- Explain factors that prevent the money multiplier from working empirically as it does theoretically(Solved)
Explain factors that prevent the money multiplier from working empirically as it does theoretically
Date posted: January 23, 2018. Answers (1)
- Explain how the money multiplier works in theory(Solved)
Explain how the money multiplier works in theory
Date posted: January 23, 2018. Answers (1)