Which of the Following Is NOT a Precaution to Take

question 16

Multiple Choice

Which of the following is NOT a precaution to take when shopping online?

• A) Pay with a debit card, not a credit card.
• B) Shop at well-known, reputable sites.
• C) Avoid making online transactions on a public computer.
• D) When placing an order, make sure you receive a confirmation number.

---

Definitions:

Long Run

Refers to a period where all factors of production and costs can be variable, allowing firms to adjust to changes in the business environment fully.

Short Run

A period in which at least one factor of production is fixed, allowing limited adjustments to changes in production or the business environment.

Perfectly Elastic Demand

A market situation where demand for a product is infinitely sensitive to changes in price, leading to zero consumer tolerance for price increases.

Inelastic Demand

A market condition in which the demand for a product does not significantly change in response to a change in its price.